Kimlun Corporation Berhad Annual Report 2018

20. Trade and other receivables (cont’d) Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Other receivables Refundable deposits 4,500 4,500 4,500 Amount due from subsidiaries 40,965,788 51,980,106 59,531,701 40,970,288 51,984,606 59,536,201 Total other receivables (current) 40,970,288 51,984,606 59,536,201 Add: Cash and bank balances (Note 21) 2,400,916 4,258,984 3,076,071 Total financial assets at amortised cost 43,371,204 56,243,590 62,612,272 Trade receivables Trade receivables are non-interest bearing and are generally on 30 to 90 days (31.12.2017: 30 to 90 days; 1.1.2017: 30 to 90 days) terms, although in practice, this may extend to 120 days. Other credit terms are assessed and approved on a case-by-case basis. They are recognised at their original certificated or invoiced amounts which represent their fair values on initial recognition. Ageing analysis of trade receivables The ageing analysis of the Group's trade receivables is as follows: 31.12.2018 31.12.2017 1.1.2017 RM RM RM Neither past due nor impaired 267,101,942 297,054,700 356,090,966 1 to 30 days past due not impaired 26,924,607 20,489,467 20,802,925 31 to 60 days past due not impaired 27,417,494 5,100,767 19,937,708 61 to 90 days past due not impaired 9,041,566 8,216,117 17,056,011 91 to 120 days past due not impaired 12,289,127 17,333,345 15,527,002 More than 120 days past due not impaired 48,367,443 47,684,187 18,519,863 124,040,237 98,823,883 91,843,509 Impaired 14,895,398 13,058,445 2,634,905 406,037,577 408,937,028 450,569,380 Receivables that are neither past due nor impaired Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. None of these balances have been renegotiated during the financial year. Receivables that are past due but not impaired The Group has trade receivables amounting to RM124,040,237 (31.12.2017: RM98,823,883; 1.1.2017: RM91,843,509) that are past due at the reporting date but not impaired and are not secured by any collateral or credit enhancements. The management is confident that the balance of receivables that are past due but not impaired are recoverable as these are active accounts due from credit worthy debtors. Annual Report 2018 102 For the financial year ended 31 December 2018 (cont’d) NOTES TO THE FINANCIAL STATEMENTS