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Notes To The
Financial Statements
As at 31 March 2019
17. Trade and other receivables (cont’d.)
(a) Trade receivables
Trade receivables are non-interest bearing and are generally on 30 to 90 days (2018: 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 balances of RM41,827,000 (2018: RM55,319,000) 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
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
(Restated)
Neither past due nor impaired
24,561
28,275
107
80
Past due but not impaired:
1 to 60 days
8,150
28,443
123
36
61 to 120 days
2,339
9,905
107
64
More than 121 days
48,159
36,907
191
265
58,648
75,255
421
365
Impaired
657
2,860
-
-
83,866
106,390
528
445
Receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment
records with the Group.
None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated
during the financial year.
Receivables that are past due but not impaired
The Group and the Company has trade receivables amounting to RM58,648,000 (2018: RM75,255,000) and
RM421,000 (2018: RM365,000), respectively that are past due at the reporting date but not impaired.
No allowance for impairment is made as in the opinion of the directors, the outstanding debts are expected
to be collected in full within the next twelve months.
financial
statements
155