Page 124 - Annual Report 2016 EN

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[6] ACCOUNTS RECEIVABLE AND PREPAYMENTS

2016 2015
USD ‘000 USD ‘000
Amount due from related parties (Note 12) 1,160 32
Prepaid expenses 466 384
Interest receivables 122 156

Other receivables 73 61
1,821 633

There were no impaired accounts receivable as at 31 December
2016 (2015: Nil). The ageing of unimpaired financial assets is as
follows:

Total Neither past due Past due but not impaired

USD ‘000 nor impaired 0 to 60 days 60 to 90 days > 90 days
USD ‘000 USD ‘000 USD ‘000 USD ‘000
2016 1,355 1,355 - - -
2015 249 249 - - -

Unimpaired financial assets are expected, on the basis of past
experience, to be fully recoverable. It is not the practice of the
QFC Regulatory Authority to obtain collateral over receivables.

[7] CASH AND CASH EQUIVALENTS

Cash and cash equivalents included in the statement of cash flows
consist of the following:

2016 2015
USD ‘000 USD ‘000
Bank balances 3,924 11,257
Short-term deposits* 21,173 14,887

25,097 26,144

*These represent deposits with banks held for the purpose of meet-
ing short-term cash commitments, having interest rates up to 2.75
% (2015: 2%).