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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
163
19. Trade and other receivables (cont’d.)
(a) Trade receivables (cont’d.)
Ageing analysis of trade receivables
The ageing analysis of the Group’s and of the Company’s trade receivables is as follows:
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
Neither past due nor impaired
32,916
24,561
236
107
Past due but not impaired:
1 to 60 days
19,507
8,150
104
123
61 to 120 days
7,733
2,339
37
107
More than 121 days
45,393
48,159
-
191
72,633
58,648
141
421
Impaired
951
657
292
-
106,500
83,866
669
528
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 have trade receivables amounting to RM72,633,000 (2019: RM58,648,000) and RM141,000 (2019:
RM421,000), 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
within the next twelve months.
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
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
Gross amounts of impaired trade receivables
951
657
292
-
Less: Allowance for individual impairment losses
(951)
(657)
(292)
-
-
-
-
-