Chemical Company of Malaysia Berhad Annual Report 2019

25. Financial instruments (continued) 25.4Credit risk (continued) (i) Trade receivables Risk management objectives, policies and processes for managing the risk Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed on customers requiring credit over a certain amount. At each reporting date, the Group assesses whether any of the trade receivables are credit impaired. The gross carrying amounts of credit impaired trade receivables are written off (either partially or full) when there is no realistic prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. Nevertheless, trade receivables that are written off could still be subject to enforcement activities. There are no significant changes as compared to previous year. Exposure to credit risk, credit quality and collateral As at the end of the reporting period, the maximum exposure to credit risk arising from trade receivables is represented by the carrying amounts in the statement of financial position. Concentration of credit risk The exposure of credit risk for trade receivables as at the end of the reporting period by geographic region was:   Group 2019 2018 Malaysia 61,774 64,178 Indonesia 3,999 1,439 Singapore 267 5,447 Thailand 3,327 2,801 Others 1,076 1,055 70,443 74,920 BUSINESS OVERVIEW OTHER INFORMATION GOVERNANCE STRUCTURE 189 ANNUAL REPORT 2019 FINANCIAL STATEMENTS