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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
162
19. Trade and other receivables
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
Trade receivables
Third parties
106,500
83,866
669
528
Less: Allowance for impairment
(951)
(657)
(292)
-
Trade receivables, net
105,549
83,209
377
528
Other receivables
Deposits
1,492
530
1,235
188
Sundry receivables
4,481
6,768
18
6
Prepayments
3,786
8,763
443
223
GST input tax
9,052
7,811
-
-
Staff loan
333
265
-
-
Less: Allowance for impairment
(1,175)
(866)
(100)
-
Other receivables, net
17,969
23,271
1,596
417
Total trade and other receivables
123,518
106,480
1,973
945
(a) Trade receivables
Trade receivables are non-interest bearing and are generally on 30 to 90 days (2019: 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 RM60,806,000 (2019: RM41,827,000) due from the Government of Malaysia.