99
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
19. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES
Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods.
The credit periods granted to the customers range from 30 to 90 days (2013: 30 to 90 days).
The Group
2014
2013
RM
RM
Trade receivables
104,497,984
73,271,056
Allowance for impairment losses
(2,656,253)
(1,994,566)
101,841,731
71,276,490
Movement in allowance for impairment losses on trade receivables is as follows:
The Group
2014
2013
RM
RM
At 1 January
1,994,566
1,623,936
Allowance for impairment losses
823,534
1,199,949
Write-back of allowance for impairment losses
(148,158)
(361,136)
Written off as bad debts
(23,713)
(481,649)
Exchange difference
10,024
13,466
2,656,253
1,994,566
Included in trade receivables of the Group are the following amounts owing from the related parties:
The Group
2014
2013
RM
RM
A & I Engine Rebuilders Sdn. Bhd.
20
200
AMT Engineering Sdn. Bhd.
–
13,791
Cleanpart Dresden GmbH & Co. Kg
20,087
–
20,107
13,991
The said amount, which arose mainly from trade transactions, is unsecured, interest-free and repayable on
demand. The amount owing is to be settled in cash.
