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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
164
19. Trade and other receivables (cont’d.)
(a) Trade receivables (cont’d.)
Receivables that are impaired (cont’d.)
Movement in allowance accounts:
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
At 1 April 2019/2018
657
2,860
-
-
Charge for the year (Note 5)
343
24
292
-
Write back of impairment loss (Note 5)
(49)
(932)
-
-
Bad debts written off
-
(1,306)
-
-
Exchange differences
-
11
-
-
As 31 March
951
657
292
-
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.
(b) Other receivables
The Group’s and the Company’s other 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
other receivables
1,175
866
100
-
Less: Allowance for individual
impairment losses
(1,175)
(866)
(100)
-
-
-
-
-
The Group and the Company have no significant concentration of credit risk that may arise from exposures to a single debtor
or to group of debtors.