Frontken Berhad Annual Report 2019

104 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 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 180 days (2018: 30 to 180 days). The Group 2019 2018 RM RM Trade receivables 88,438,785 108,977,255 Allowance for impairment losses (2,139,074) (2,131,398) 86,299,711 106,845,857 Movement in allowance for impairment losses on trade receivables is as follows:- The Group 2019 2018 RM RM At 1 January 2,131,398 1,783,238 Allowance for impairment losses - 932,838 Writeback of allowance for impairment losses (2,200) (10,000) Written off as bad debts - (568,190) Exchange difference 9,876 (6,488) At 31 December 2,139,074 2,131,398 Included in trade receivables of the Group are the following amount owing by the related parties:- The Group 2019 2018 RM RM AMT Engineering Sdn. Bhd. 7,495 - Tenaga-Tech (M) Sdn. Bhd. 50,599 - 58,094 - The said amount, which arises mainly from trade transactions, is unsecured, interest-free and repayable on demand. The amount owing is to be settled in cash. The related parties and their relationships with the Group are as follows:- Name of related parties Relationship A & I Engine Rebuilders Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. AMT Engineering Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. Tenaga-Tech (M) Sdn. Bhd. A company in which Mohd Shukri Bin Hitam and Fauziah Binti Hamlawi, directors of a subsidiary, are also directors and have financial interest. Notes To The Financial Statements (cont’d)