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Datasonic Group Berhad
(Company No. 809759-X)
140
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
(Continued)
46. FINANCIAL INSTRUMENTS (CONT’D)
46.1 FINANCIAL RISK MANAGEMENT POLICIES (CONT’D)
(b) Credit Risk (Cont’d)
(iii) Ageing Analysis (Cont’d)
The ageing analysis of the Group’s trade receivables (excluding accrued income)
at the end of the financial year/period is as follows (Cont’d):-
Gross
Individual
Carrying
Amount
Impairment
Value
Group
RM’000
RM’000
RM’000
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
At the end of the financial year, trade receivables that are individually impaired
are from those companies that are in significant financial difficulties and have
defaulted on payments. These receivables are not secured by any collateral or
credit enhancement.
The Group believes that no additional impairment allowance is necessary in respect
of trade receivables that are past due but not impaired because these receivables
are from entities with good collection track record and no recent history of default.
(c) Liquidity Risk
Liquidity risk arises mainly fromgeneral funding and business activities. The Group practises
prudent risk management by maintaining sufficient cash balances and the availability of
funding through certain committed credit facilities.