Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 152 17 TRADE AND OTHER RECEIVABLES (CONTINUED) Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Gross trade receivables RM'000 Impairment loss RM'000 Net trade receivables RM'000 2017 Not past due 145,027 - 145,027 1 to 30 days overdue 82,307 - 82,307 31 to 60 days overdue 62,959 - 62,959 61 to 90 days overdue 34,864 - 34,864 91 to 180 days overdue 40,991 - 40,991 181 to 365 days overdue 8,794 - 8,794 More than 365 days overdue 24,873 (18,433) 6,440 Total 399,815 (18,433) 381,382 2016 Not past due 138,298 - 138,298 1 to 30 days overdue 81,312 - 81,312 31 to 60 days overdue 28,145 - 28,145 61 to 90 days overdue 20,234 - 20,234 91 to 180 days overdue 15,738 - 15,738 181 to 365 days overdue 12,621 (5,331) 7,290 More than 365 days overdue 19,769 (14,417) 5,352 Total 316,117 (19,748) 296,369 Receivables that are neither past due nor impaired Trade and other receivables of the Group and the Company that are not impaired are in respect of creditworthy debtors with reliable payment records and have a low risk of default. Most of the Group’s trade receivables arise from customers with more than 5 years of experience with the Group. None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year.