Trade and Other Receivables

12 Months Ended

Dec. 31, 2015

Trade and Other Receivables [Abstract]

12. Trade and other receivables



As at December 31,	2015		2014
Trade receivables	$	50,388	$	60,642
Consumption taxes receivable		8,178		13,872
Other receivables		846		1,548
	$	59,412	$	76,062

Trade receivables are generally secured by the equipment that they relate to as it is Company policy that equipment is not released until payment has been collected. Trade receivables are due for settlement within seven days of the date of sale, after which they are interest bearing. Other receivables are unsecured and non-interest bearing.

As at December 31, 2015, trade receivables of $50,388,000 were more than seven days past due but not considered impaired (December 31, 2014: $60,642,000). As at December 31, 2015, there were $4,639,000 of impaired receivables that have been provided for in the balance sheet because they are over six months old, or specific situations where recovering the debt is considered unlikely (December 31, 2014: $3,948,000).

Consumption taxes receivable are deemed fully recoverable unless disputed by the relevant tax authority. The other classes within trade and other receivables do not contain impaired assets.