Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

15. Trade and Other Receivables

v3.19.1
15. Trade and Other Receivables
12 Months Ended
Dec. 31, 2018
Trade and other receivables [abstract]  
Trade and Other Receivables

Note 15 — Trade and Other Receivables

 

Trade and other receivables consist of the following at December 31:

 

    2018     2017     2016  
Trade receivables   $ 53,753     $ 136,224     $ 154,642  
Other receivables (taxes receivable, unbilled revenue and maintenance charges)     265,264       325,089       652,724  
Less: bad debt provision     (89,886 )     (54,303 )     (50,426 )
Total trade and other receivables, net current portion   $ 229,131     $ 407,010     $ 756,940  
Other receivables – taxes receivables   $ 3,176     $     $ 143,137  
Total trade and other receivables, net non-current portion   $ 3,176     $     $ 143,147  

 

Details of the Group’s bad debt provision at December 31 are as follows:

 

    2018     2017     2016  
At January 1   $ 54,303     $ 50,426     $ 488,978  
Provided during the year     38,138       40,022        
Receivable written off during the year as uncollectible           (30,846 )     (35,612 )
Unused amount reversed           (12,323 )     (389,116 )
Currency exchange rate and other adjustment     (2,555 )     7,024       (13,824 )
At December 31   $ 89,886     $ 54,303     $ 50,426