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StarHub Ltd Annual Report 2015

9 Trade Receivables

Group Company
2015
2015 2014 2014 Overview
$m $m $m $m

Trade receivables 186.4 191.2 168.8 175.5
Allowance for doubtful receivables (33.1) (29.5) (31.3) (27.8)
153.3 161.7 137.5 147.7

The trade receivables of the Company include amounts billed under a combined billing arrangement to customers for services
provided by certain subsidiaries.

The Group’s and the Company’s primary credit risk exposure arises through its trade receivables, which include corporate and Strategy
retail customers. There is no concentration of credit risk with respect to trade receivables as the Group and the Company have
a large number of customers. The recorded allowances for doubtful receivables have been made based on the Group’s and the
Company’s historical collections experience. Due to these factors, management believes that no additional credit risk beyond
the amounts provided for collection losses is inherent in the Group’s and the Company’s trade receivables.

The age analysis of trade receivables past due but not impaired at the reporting date is as follows:

Group Company
2015
2015 2014 2014
$m $m $m $m

Past due 0 – 15 days 40.9 36.4 37.7 34.1 Performance
Past due above 15 days 50.5 66.0 41.9 58.0
91.4 102.4 79.6 92.1

The movements in allowance for doubtful receivables in respect of trade receivables during the year are as follows:

Group Company
2015
2015 2014 2014 Governance & Sustainability
$m $m $m $m

At beginning of year 29.5 29.1 27.8 28.9
Allowance for doubtful receivables 18.4 15.9 5.4 1.9
Recharged to subsidiaries
Allowance utilised – – 12.9 12.5
At end of year (14.8) (15.5) (14.8) (15.5)
33.1 29.5 31.3 27.8

Financials