GEO ENERGY RESOURCES LIMITED - ANNUAL REPORT 2015 - page 87

NOTES TO FINANCIAL STATEMENTS /31 DECEMBER 2015
GEO ENERGY
RESOURCES
85
8 TRADE AND OTHER RECEIVABLES (cont’d)
dŚĞ ƚĂďůĞ ďĞůŽǁ ŝƐ ĂŶ ĂŶĂůLJƐŝƐ ŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ŽŵƉĂŶLJ͛Ɛ ƚƌĂĚĞ ƌĞĐĞŝǀĂďůĞƐ ĂƐ Ăƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ƌĞƉŽƌƟŶŐ ƉĞƌŝŽĚ͗
Group Company
2015 2014 2015 2014
h^Ψ h^Ψ h^Ψ h^Ψ
Not past due and not impaired ϱϭϵ͕ϭϯϯ ϮϬ͕ϭϯϯ͕ϮϯϮ – –
WĂƐƚ ĚƵĞ ďƵƚ ŶŽƚ ŝŵƉĂŝƌĞĚ (b) Ϯϭ͕ϭϰϱ͕ϮϬϰ ϱ͕ϯϵϴ͕ϭϳϯ – –
Ϯϭ͕ϲϲϰ͕ϯϯϳ Ϯϱ͕ϱϯϭ͕ϰϬϱ – –
/ŵƉĂŝƌĞĚ ƌĞĐĞŝǀĂďůĞƐ Ͳ ŝŶĚŝǀŝĚƵĂůůLJ ĂƐƐĞƐƐĞĚ (c) 2,417,162 ϱϵ͕ϮϮϬ – –
>ĞƐƐ͗ ůůŽǁĂŶĐĞ ĨŽƌ ĚŽƵďƞƵů ĚĞďƚ (d) ;ϭ͕ϲϴϭ͕ϯϳϵͿ (29,610) – –
ϳϯϱ͕ϳϴϯ 29,610 – –
Total trade receivables, net 22,400,120 Ϯϱ͕ϱϲϭ͕Ϭϭϱ – –
(a) /ŶĐůƵĚĞĚ ŝŶ ƚŚŝƐ ďĂůĂŶĐĞ ŝƐ ĂŶ ĂŵŽƵŶƚ ŽĨ h^ΨEŝů ;ϮϬϭϰ ͗ h^Ψϭϲ͕ϲϰϴ͕ϵϵϬͿ ǁŚŝĐŚ ŝƐ ƵŶĚĞƌ ŝŶƐƚĂůŵĞŶƚ ƉůĂŶƐ͘
DŽǀĞŵĞŶƚ ŝŶ ƚƌĂĚĞ ƌĞĐĞŝǀĂďůĞƐ ƵŶĚĞƌ ŝŶƐƚĂůŵĞŶƚ ƉůĂŶƐ ĂƌĞ ĂƐ ĨŽůůŽǁƐ͗
Group Company
2015 2014 2015 2014
h^Ψ h^Ψ h^Ψ h^Ψ
Amount placed under instalment plans 16,648,990 ϭϲ͕ϴϴϲ͕ϰϵϱ – –
>ĞƐƐ͗ >ŽƐƐ ƌĞĐŽŐŶŝƐĞĚ ŽŶ ĮŶĂŶĐŝĂů ĂƐƐĞƚ
ഩĐĂƌƌŝĞĚ Ăƚ ĂŵŽƌƟƐĞĚ ĐŽƐƚ ĐŚĂƌŐĞĚ ƚŽ
ഩƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϮϳͿ – (248,606) – –
ĚĚ͗ /ŶƚĞƌĞƐƚ ŝŶĐŽŵĞ ŽŶ ĮŶĂŶĐŝĂů ĂƐƐĞƚ
ഩĐĂƌƌŝĞĚ Ăƚ ĂŵŽƌƟƐĞĚ ĐŽƐƚ ĐƌĞĚŝƚĞĚ ƚŽ
ഩƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϮϲͿ 201,278 – – –
>ĞƐƐ͗ WĂLJŵĞŶƚ ƌĞĐĞŝǀĞĚ ;ϵϱϭ͕ϯϯϯͿ – – –
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ Ϯϯϴ͕ϯϱϲ 11,101 – –
>ĞƐƐ͗ ZĞƐĐŝƐƐŝŽŶ ŽĨ ŝŶƐƚĂůŵĞŶƚ ƉůĂŶƐ (*) ;ϭϲ͕ϭϯϳ͕ϮϵϭͿ – – –
– 16,648,990 – –
>ĞƐƐ͗ EŽŶͲĐƵƌƌĞŶƚ ƉŽƌƟŽŶ – ;ϳ͕ϱϲϱ͕ϮϬϰͿ – –
ƵƌƌĞŶƚ ƉŽƌƟŽŶ – ϵ͕Ϭϴϯ͕ϳϴϲ – –
;ΎͿ dŚĞ ŝŶƐƚĂůŵĞŶƚ ƉůĂŶƐ ǁŝƚŚ ĐĞƌƚĂŝŶ ĚĞďƚŽƌƐ ǁĞƌĞ ƌĞƐĐŝŶĚĞĚ ĚƵƌŝŶŐ ƚŚĞ LJĞĂƌ͘ ^ƵďƐĞƋƵĞŶƚ ƚŽ LJĞĂƌ ĞŶĚ͕ ƚŚĞ 'ƌŽƵƉ ŚĂƐ ƐŝŐŶĞĚ
conditional sale and purchase agreements with these debtors where the Group may, upon fulfilment of certain conditions
ďLJ ƚŚĞ ĚĞďƚŽƌƐ͕ ĂĐƋƵŝƌĞ ĐŽĂů ŵŝŶŝŶŐ ĐŽŶĐĞƐƐŝŽŶƐ ĨƌŽŵ ƚŚĞ ĚĞďƚŽƌƐ͛ ƌĞůĂƚĞĚ ĐŽƌƉŽƌĂƚŝŽŶƐ ŝŶ ĞdžĐŚĂŶŐĞ ĨŽƌ ƚŚĞ ƐĞƚƚůĞŵĞŶƚ ŽĨ
ĚĞďƚƐ ;EŽƚĞƐ ϯϲ ĂŶĚ ϯϲ Ϳ͘
;ďͿ ŐŝŶŐ ŽĨ ƚƌĂĚĞ ƌĞĐĞŝǀĂďůĞƐ ƚŚĂƚ ĂƌĞ ƉĂƐƚ ĚƵĞ ďƵƚ ŶŽƚ ŝŵƉĂŝƌĞĚ͗
Group Company
2015 2014 2015 2014
h^Ψ h^Ψ h^Ψ h^Ψ
ф ϯ ŵŽŶƚŚƐ 1,291,487 ϯ͕ϭϯϯ͕ϴϰϴ – –
ϯ ŵŽŶƚŚƐ ƚŽ ϲ ŵŽŶƚŚƐ Ϯ͕ϴϬϱ͕ϮϰϮ ϭ͕ϱϳϭ͕Ϯϲϱ – –
> 6 months to 12 months 806,780 – – –
> 12 months ϭϲ͕Ϯϰϭ͕ϲϵϱ ϲϵϯ͕ϬϲϬ – –
Ϯϭ͕ϭϰϱ͕ϮϬϰ ϱ͕ϯϵϴ͕ϭϳϯ – –