XML 23 R11.htm IDEA: XBRL DOCUMENT v3.21.1

Accounts receivable, net

12 Months Ended

Dec. 31, 2020

Accounts receivable, net

Accounts receivable, net consisted of the following at December 31:

		2020				2019
		US$’000				US$’000
Contract receivables			3,229				3,622
Less: allowance for doubtful accounts			(30	)			(36	)
			3,199				3,586

The roll-forward of activity in the allowance for doubtful accounts was as follows for the years ended December 31:

		2020				2019
		US$’000				US$’000
Balance at beginning of period			36				112
Less : reversal in allowances			(6	)			(76	)
Balance at end of period			30				36

The following is an aging analysis of accounts receivable, net at December 31:

		2020				2019
		US$’000				US$’000
Current			2,014				1,495
Past due
1-30 days			85				41
31-60 days			202				1,343
61-90 days			41				99
Greater than or equal to 91 days			857				608
			1,185				2,091
			3,199				3,586

ZHEJIANG TIANLAN

Accounts receivable, net

Accounts receivable, net consisted of the following at December 31:

		2020				2019
		RMB’000				RMB’000
Contract receivables			160,803				165,262
Less: allowance for doubtful accounts			(42,182	)			(26,484	)
			118,621				138,778

The roll-forward of activity in the allowance for doubtful accounts was as follows for the years ended December 31:

		2020				2019
		RMB’000				RMB’000
Balance at beginning of period			26,484				24,047
Add: provision for allowances			22,161				2,437
Less: Reversal of provision for allowances			(6,463	)			-
Balance at end of period			42,182				26,484

The following is an aging analysis of accounts receivable, net at December 31:

		2020				2019
		RMB’000				RMB’000
Within 1 year			76,590				96,456
1 year - 2 years			31,389				30,252
2 years - 3 years			6,128				6,260
3 years - 4 years			3,678				5,179
4 years - 5 years			836				631
			118,621				138,778

X

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

+ Details

Name:	us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	srt_StatementScenarioAxis=srt_SubsidiaryIssuerMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: