UTIW » Topics » Trade Receivables

These excerpts taken from the UTIW 10-K filed Apr 1, 2009.
Trade Receivables
 
In addition to billings related to transportation costs, trade receivables include disbursements made on behalf of clients for value added taxes, customs duties and freight insurance. The billings to clients for these disbursements are not recorded as revenue and purchased transportation costs in the consolidated statements of operations. Management establishes reserves based on the expected ultimate collectability of these receivables.
 
Trade
Receivables



 



In addition to billings related to transportation costs, trade
receivables include disbursements made on behalf of clients for
value added taxes, customs duties and freight insurance. The
billings to clients for these disbursements are not recorded as
revenue and purchased transportation costs in the consolidated
statements of operations. Management establishes reserves based
on the expected ultimate collectability of these receivables.


 




These excerpts taken from the UTIW 10-K filed Apr 14, 2008.
Trade Receivables
 
In addition to billings related to transportation costs, trade receivables include disbursements made on behalf of clients for value added taxes, customs duties and freight insurance. The billings to clients for these disbursements are not recorded as gross revenue and freight consolidation costs in the income statement. Management establishes reserves based on the expected ultimate collectability of these receivables.
 
Trade
Receivables



 



In addition to billings related to transportation costs, trade
receivables include disbursements made on behalf of clients for
value added taxes, customs duties and freight insurance. The
billings to clients for these disbursements are not recorded as
gross revenue and freight consolidation costs in the income
statement. Management establishes reserves based on the expected
ultimate collectability of these receivables.


 




This excerpt taken from the UTIW 10-K filed Apr 2, 2007.
Trade Receivables
 
In addition to billings related to transportation costs, trade receivables include disbursements made on behalf of clients for value added taxes, customs duties and freight insurance. The billings to clients for these disbursements are not recorded as gross revenue and freight consolidation costs in the income statement. Management establishes reserves based on the expected ultimate collectibility of these receivables.


F-11


Table of Contents

UTi WORLDWIDE INC.
 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
For the years ended January 31, 2007, 2006 and 2005
 

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