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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 (CONTD.)
(a) Trade receivables (Contd.)
Receivables that are impaired
The Group’s and the Company’s trade receivables that are impaired at the reporting date and the
movement of the allowance accounts used to record the impairment are as follows:
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Gross amounts of impaired trade receivables
1,851
1,182
-
5
Less: Allowance for individual impairment
losses
(1,851)
(1,182)
-
(5)
-
-
-
-
Movement in allowance accounts:
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
At 1 April 2015/2014
1,182
127
5
-
Charge for the year (Note 6)
1,434
1,106
-
5
Write back of impairment loss (Note 6)
(748)
(59)
(5)
-
Bad debts written off
(33)
-
-
-
Exchange differences
16
8
-
-
As 31 March
1,851
1,182
-
5
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors
that are in significant financial difficulties and have defaulted on payments. These receivables are not
secured by any collateral or credit enhancements.