Page 131 - Annual Report 2016 EN

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Impairment of financial assets
An estimate of the collectible amount of financial assets is made
when collection of the full amount is no longer probable. For indi-
vidually significant amounts, this estimation is performed on an
individual basis. Amounts which are not individually significant, but
which are past due, are assessed collectively and an allowance
is applied according to the length of time past due, based on
historical recovery rates.
At end of reporting period, financial assets were USD 1,355 thou-
sand (2015: USD 249 thousand) with no allowance for impairment
(2015: Nil). Any difference between the amounts actually collected
in future periods and the amounts expected will be recognised in
the statement of comprehensive income.
Going concern
The Regulatory Authority’s management has made an assessment
of the Regulatory Authority’s ability to continue as a going concern
and is satisfied that the Regulatory Authority has the resources to
continue in business for the foreseeable future. Furthermore, the
management is not aware of any material uncertainties that may
cast significant doubt upon the Regulatory Authority’s ability to
continue as a going concern. Therefore, the financial statements
continue to be prepared on a going concern basis.