Page 89 - Demo
P. 89
9. Inventories 2018 2017 $ $Raw materials 7,061 5,012Machinery spares 2,226 2,089Goods in transit 4,517 45713,804 7,558Less: provision for obsolescence (617) (1,143)13,187 6,415During the year, $501 thousand of inventory previously deemed obsolete, was consumed. This amount of income (2017: $144 thousand), is included in Administrative costs. 201810. Trade and other receivables $In accordance with IFRS 9Trade receivables 32,459Less: ECL Allowance (6,747) 25,712Other receivables 3,277Less: ECL Allowance (180) 3,097Amount due from Related parties companies (Note 21) 440 29,249GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)88 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018