NOTES
TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
(In Singapore dollars)
122
ANNUAL REPORT 2015/2016
32. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(a)
Credit risk (cont’d)
Credit risk concentration profile
The Group determines concentrations of credit risk by monitoring the country and industry sector profile
of its trade receivables on an on-going basis. The credit risk concentration profile of the Group’s trade
receivables at the end of the reporting period is as follows:
Group
2016
2015
$’000
% of total
$’000
% of total
By country
Singapore
6,328
12
11,357
17
Australia
26,400
51
21,811
32
Indonesia
594
1
2,125
3
Malaysia
997
2
2,973
4
Brunei
7
–*
304
–*
Thailand
365
1
689
1
India
144
–*
323
–*
Vietnam
77
–*
185
–*
United States
414
1
203
–*
Bahrain
2,927
6
4,313
6
United Kingdom
8,363
16
15,666
23
Saudi Arabia
2,731
5
4,718
7
Others
2,663
5
3,308
7
52,010
100
67,975
100
By industry sectors
Oil and gas
46,341
89
62,667
92
Automotive
3,244
6
3,193
5
Marine and shipping
377
1
326
–*
Mining
199
–*
518
1
Others
1,849
4
1,271
2
52,010
100
67,975
100
* Less than 1%.
At the end of the reporting period, approximately 38% (2015: 28%) of the Group’s trade receivables were
due from five major customers who are leading providers of products and services to the global upstream
oil and gas industry.
