NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
116
Annual Report 2015
45. FINANCIAL INSTRUMENTS (CONT’D)
45.1 FINANCIAL RISK MANAGEMENT POLICIES (CONT’D)
(b) Credit Risk (Cont’d)
(iii) Ageing analysis
The ageing analysis of the Group’s trade receivables (excluding accrued income)
at the end of the financial period/year is as follows:-
Gross
Individual
Carrying
Amount
Impairment
Value
Group
RM’000
RM’000
RM’000
31.3.2015
Not past due
41,040
–
41,040
Past due:
- 31 to 60 days
6,787
–
6,787
- 61 to 90 days
43
–
43
- over 90 days
30,637
(598)
30,039
78,507
(598)
77,909
31.12.2013
Not past due
50,435
–
50,435
Past due:
- 31 to 60 days
20,299
–
20,299
- 61 to 90 days
34,426
–
34,426
- over 90 days
32,447
(75)
32,372
137,607
(75)
137,532
At the end of the financial year, trade receivables that are individually impaired
were those in significant financial difficulties and have defaulted on payments. These
receivables are not secured by any collateral or credit enhancement.
Trade receivables that are past due but not impaired
The Group believes that no impairment allowance is necessary in respect of these
trade receivables. They are substantially companies with good collection track
record and no recent history of default.
Trade receivables that are neither past due nor impaired
A significant portion of trade receivables that are neither past due nor impaired
are regular customers that have been transacting with the Group. The Groups uses
ageing analysis tomonitor the credit quality of the trade receivables. Any receivables
having significant balances past due or more than 180 days, which are deemed to
have higher credit risk, are monitored individually.
