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NOTE 11 — RECEIVABLES CONTINUED

Allowances are made for impairment losses until such time that the Group is satisfied that no recovery of the amount owing is possible at that

point the amount considered irrecoverable is written off against the asset directly.
As at 30 June 2008, trade receivables with a value of $2,223,000 (2007: $1,774,000) were impaired and fully provided for. Movements in the
allowance for trade receivables are as follows:

THE GROUP PARENT ENTITY

2008
$’000
2007
$’000
2008
$’000
2007
$’000
Balance at 1 July
Charge for the year
Provision no longer required
Net foreign currency differences on translation of foreign operations
1,774
568
(155)
36
2,937
719
(1,745)
(137)
—
—
—
—
—
—
—
—
2,223 1,774 — —

As at 30 June 2008, the analysis of trade receivables for the Group that were past due but not impaired is as follows:

THE GROUP

2008
$’000
2007
$’000
Not past due nor impaired
Less than 30 days overdue
More than 30 days overdue but less than 90 days overdue
More than 90 days overdue
14,575
1,347
419
1,711
14,746
3,003
917
2,302
18,052 20,968

All other receivables do not contain impaired assets and are not past due. Based on the credit history of these other receivables, it is expected
that these amounts will be recovered when due.

THE GROUP PARENT ENTITY

2008 2007 2008 2007
Note $’000 $’000 $’000 $’000

NOTE 12 — INVENTORIES
Raw materials and stores 2,984 3,660 — —
Work-in-progress 3,472 2,186 — —
Finished goods 5,484 4,768 — —
Total inventories at the lower of cost and net realisable value 11,940 10,614 — —