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financiAL STATEMENTs
Annual Report 2017
137
NOTES TO THE FINANCIAL STATEMENTS
18. TRADE AND OTHER RECEIVABLES
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Trade Receivables
Third parties
77,400
149,911
488
345
Less: Allowance for impairment
(1,554)
(1,851)
-
-
Trade Receivables, Net
75,846
148,060
488
345
Other Receivables
Deposits
820
935
188
187
Sundry receivables
8,937
8,729
4
-
Tax recoverable
35
1,210
-
-
Prepayments
6,701
2,332
101
101
GST input tax
8,637
5,716
-
39
Staff loan
275
300
-
-
Less: Allowance for impairment
(3,714)
(203)
-
-
Other Receivables, Net
21,691
19,019
293
327
Total Trade and Other Receivables
97,537
167,079
781
672
(a)
Trade receivables
Trade receivables are non-interest bearing and are generally on 30 to 90 days (2016: 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.
Included in trade receivables amount is accrued revenue of RM8,645,000 (2016: RM Nil).
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 balances of RM47,470,000 (2016: RM135,723,000) due from the Government of Malaysia.
Ageing analysis of trade receivables
The ageing analysis of the Group’s and of the Company’s trade receivables is as follows:
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Neither past due nor impaired
28,387
26,482
97
102
Past due but not impaired:
1 to 60 days
8,577
24,755
68
77
61 to 120 days
6,982
32,958
97
5
More than 121 days
23,255
63,865
226
161
38,814
121,578
391
243
Impaired
1,554
1,851
-
-
68,755
149,911
488
345