Annual Report 2010 - Leeden Limited

A Stronger Leeden in Asia.Notes to the Financial Statementsfor the Financial Year ended 31 December 201021. Trade debtors (cont’d)CompanyIndividually impaired2010 2009$’000 $’000Trade debtors 5 6Less: Allowance for doubtful debts (5) (6)– –Movement in allowance accounts:At 1 January 6 35Reversal for the year (1) (29)At 31 December 5 6Trade debtors that are individually determined to be impaired at the balance sheet date relate to debtors that are insignificant financial difficulties and have defaulted on payments. These receivables are not secured by any collateral orcredit enhancements.22. Other debtorsGroupCompany2010 2009 2010 2009$’000 $’000 $’000 $’000Sundry deposits 708 816 91 102Other debtors 552 453 6 56Accrued receivables 5,399 – – –Tax recoverable 112 29 – –6,771 1,298 97 158Other debtors are non-trade in nature, unsecured, non-interest bearing and are repayable on demand.Accrued receivables relate to retention monies relating to the development property.Receivables that are impairedThe Group’s other debtors that are impaired at the balance sheet date are as follows:GroupIndividually impaired2010 2009$’000 $’000Other debtors – nominal amounts 1,036 1,036Less: Allowance for doubtful debts (1,036) (1,036)– –There is no movement in the allowance account that is used to record the doubtful debts.Other debtors that are individually determined to be impaired at the balance sheet date relate to debtors that are insignificant financial difficulties and have defaulted on payments.82