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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
NOTES TO THE FINANCIAL
STATEMENTS 31 MARCH 2016
(contd.)
18. TRADE AND OTHER RECEIVABLES
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Trade Receivables
Third parties
149,911
163,800
345
406
Less: Allowance for impairment
(1,851)
(1,182)
-
(5)
Trade Receivables, Net
148,060
162,618
345
401
Other Receivables
Deposits
935
683
187
188
Sundry receivables
8,729
11,800
-
1
Tax recoverable
1,210
115
4
-
Prepayments
2,332
7,530
101
123
GST Input Tax
5,716
-
39
-
Staff loan
300
350
-
-
Less: Allowance for impairment
(203)
(240)
-
-
Other Receivables, Net
19,019
20,238
331
312
Total Trade and Other Receivables
167,079
182,856
676
713
(a) Trade receivables
Trade receivables are non-interest bearing and are generally on 30 to 90 days (2015: 30 to 90 days)
term. Other credit terms are assessed and approved on a case-by-case basis. They are recognised at
their original invoice amounts which represent their fair values on initial recognition.
The Group has no significant concentration of credit risk that may arise from exposures to a single
debtor or to groups of debtors except for a balance of RM135,723,000 (2015: RM146,673,000) due
from the Government of Malaysia.