113 / 147
7. TRADE RECEIVABLES, net
(continued)
Currency breakdown of current and non-current trade receivables is as follows:
31 December 2014
31 December 2013
Currency
Currency Amount
USD Equivalent
Currency Amount
USD Equivalent
USD
157,799,677
157,799,677
187,077,962
187,077,962
EUR
234,482,598
285,223,937
97,965,880
134,790,699
GBP
1,566,181
2,433,091
246,807
406,736
TENGE
4,965,507,377
27,171,039
4,046,228,188
26,223,125
TL
120,034,858
51,763,706
119,580,323
56,027,888
DZD
17,397,839
198,327
86,073,124
1,102,832
524,589,777
405,629,242
8. INVENTORIES, net
Movement of allowance for NRV is as follows:
Provision released during the year represents reversal of NRV impairment, due to the fact that the impaired inventory is sold during the year. Net realizable value of the inventories exposed
to allowance is USD 278,834,768 in 2014 (2013: USD 276,314,606).
31 December 2014
31 December 2013
Merchandise inventories (trade goods)
288,526,604
285,606,551
Goods in transit
65,915,144
54,411,116
Raw materials
138,029,974
132,629,762
Finished goods
97,730,425
116,322,741
Spare parts and operating supplies
63,760,032
88,130,292
Work in process (WIP)
32,595,302
23,769,949
Less : Allowance for NRV of trade goods
(10,433,115)
(11,973,504)
676,124,366
688,896,907
1 January -
1 January -
31 December 2014
31 December 2013
At the beginning of the year
11,973,504
6,066,932
Charge for the year
5,000,401
8,585,017
Provision released
(5,155,981)
(3,116,284)
Currency translation reserve
(1,384,809)
437,839
At the end of the year
10,433,115
11,973,504
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)