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TRADE AND OTHER PAYABLES
12 Months Ended
Dec. 31, 2017
TRADE AND OTHER PAYABLES  
TRADE AND OTHER PAYABLES

 

26.    TRADE AND OTHER PAYABLES

 

 

 

At December 31,

 

 

 

2016

 

2017

 

 

 

Thousand USD

 

Thousand USD

 

Trade payables(Note a)

 

14,303

 

22,613

 

Other payables

 

4,365

 

4,031

 

Warranty provision to customers for supply of modules

 

332

 

24

 

Other accrued expenses

 

1,933

 

711

 

Other tax payables

 

2,404

 

1,410

 

Advances from customers

 

700

 

254

 

 

 

 

 

 

 

 

 

24,037

 

29,043

 

 

 

 

 

 

 

 

The credit periods on purchases of goods range from three months to a year.

 

(a)

The trade payable balance included the EPC construction payable of USD 8.3 million in Uruguay as of December 31, 2017.

 

Movements in the warranty provision balance for provision of modules during the periods presented are as follows:

 

 

 

At December 31,

 

 

 

2016

 

2017

 

 

 

Thousand USD

 

Thousand USD

 

Balance at beginning of year

 

783

 

332

 

Provided for the year

 

 

 

Reversal for the year

 

(451

)

(308

)

 

 

 

 

 

 

Balance at end of the year

 

332

 

24

 

 

 

 

 

 

 

 

The Group is obliged to provide limited warranties to its customers of solar projects with respect to certain levels of performance. The Group is able to determine, at the point of delivery, that the solar projects are performing in accordance with the contractual terms and as such no warranties are provided for. To date, the Group has not experienced any significant claims.