SCI Annual Report 2015

SCI ELECTRIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
(FORMERLY KNOW AS “SCI ELECTRIC MANUFACTURER COMPANY LIMITED”)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE TEAR ENDED 31 DECEMBER 2015
Aging of trade accounts receivable are as follows:
In Baht
Consolidated financial statements Separate financial statements
2015 2014 2015 2014
Within credit terms 264,158,367 191,749,473 109,653,535 41,654,009
Less than 3 months 310,170,544 436,668,800 97,393,660 196,184,174
3 - 6 months 184,587,557 30,188,661 133,821,061 677,720
6 - 12 months 1,811,832 36,422,624 1,742,068 5,622,962
Over 12 months 11,346,459 7,028,783 10,810,080 6,196,997
Total trade accounts receivable 772,074,759 702,058,341 353,420,404 250,335,862
Less allowance for doubtful accounts (10,951,898) (8,623,328) (10,810,080) (8,551,274)
Trade accounts receivable - net 761,122,861 693,435,013 342,610,324 241,784,588
Annual Report 2015
As at 31 December 2015, the subsidiary has the factoring accounts receivable with financial institutions amounting to Baht
2.68 million (2014 Baht 71.2 million).
Long-term trade accounts receivable
In Baht
Separate financial statements
2015 2014
Long-term trade accounts receivable 891,379 632,438
Less Current portion (272,360) (96,059)
Net 619,019 536,379
Long-term trade accounts receivable represented the receivables negotiated to settle their debts by installments as stipulated
in the agreements.The management believes that the receivables will be collectible the whole amount of agreements.
11. LOANS TO
Short-term loan to other company
The movement of short - term loan to other company is as follows:
213