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.