Annual report 2014
113
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
13. TRADE AND OTHER RECEIVABLES (continued)
(f) The ageing analysis of trade receivables of the Group and of the Company are as follow: (continued)
Receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment
records with the Group. None of the Group’s trade receivables that are neither past due not impaired
have been renegotiated during the financial year.
Receivables that are past due but not impaired
Trade receivables that are past due but not impaired relate to a number of third party customers with
no recent history of default.
Receivables that are past due and impaired
Trade receivables of the Group and of the Company that are past due and collectively impaired at
the end of each reporting period are as follows:
Collectively impaired
2014
2013
RM
RM
Group
Trade receivables, gross
16,428,114 7,754,782
Less: Impairment losses
(6,876,391) (4,763,812)
9,551,723 2,990,970
Company
Trade receivables, gross
8,096,864 22,365,623
Less: Impairment losses
(6,634,562) (21,061,140)
1,462,302 1,304,483
(g) The reconciliation of movement in the impairment losses are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Trade receivables
At 1 January
4,763,812 4,792,709 21,061,140 27,767,167
Acquisition of subsidiaries
1,416,774
-
-
-
Charge for the financial year
927,485
143,248
189,030 1,023,368
Reversal of impairment losses
(184,073)
(159,537) (14,615,608) (7,729,395)
Written off
(63,973)
(6,860)
-
-
Exchange differences
16,366
(5,748)
-
-
At 31 December
6,876,391 4,763,812 6,634,562 21,061,140
