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## 7. TRADE AND OTHER RECEIVABLES (CONTINUED): 

All trade and other receivables are current and are classified as loans and receivables. 

The Company grants credit to its customers in the ordinary course of business. 

## Notes to CoNsolidated FiNaNCial statemeNts 

(In thousands of dollars except as noted and per share amounts) 

 Management believes that the Company’s exposure to credit risk and impairment losses related to trade and other receivables is limited due to the following reasons: 

• There is a broad base of customers with dispersion across different market segments. 

• Bad debt write-offs to total revenue have been less than 0.05% for each of the last five years (averaging less than $172 per year).Write-offs for fiscal 2013 were $82 ($111 for fiscal 2012).The allowance for doubtful accounts as at September 28, 2013 was $300 (September 29, 2012 - $300). All bad debt write-offs are charged to administration and selling expenses. 

• Less than 1% of trade receivables are outstanding for more than 90 days, while over 85% are current (less than 30 days) as at September 28, 2013, which is comparable to September 29, 2012. 

 Through General Security Agreements with its lenders, trade and other receivables have been granted as continuing collateral security for all present and future indebtedness to the current lenders. 

## 8. INVENTORIES: 

<img src='content_image/161032.jpg'>

 All costs of sales expensed during the year were all inventorial items, except for fixed costs incurred in Taber after the beet slicing campaign, and mark-to-market adjustments of derivative financial instruments. 

