Yinson Annual Report 2018

Notes to the Financial Statements (Cont’d) For the financial year ended 31 January 2018 24. TRADE AND OTHER RECEIVABLES (CONTINUED) (a) Trade receivables Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Group 2018 2017 RM’000 RM’000 Neither past due nor impaired 147,906 33,650 1 to 30 days past due not impaired 13,822 13,701 31 to 60 days past due not impaired 3,357 1,821 61 to 90 days past due not impaired 5,785 1,895 91 to 120 days past due not impaired 46,735 1,617 More than 121 days past due not impaired 6,115 3,801 223,720 56,485 Receivables that are neither past due nor impaired Receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. None of the Group’s receivables that are neither past due nor impaired have been renegotiated during the financial year. Receivables that are past due but not impaired The Group has trade receivables amounting to approximately RM75,814,000 (2017: RM22,835,000) that are past due at the reporting date but not impaired. Receivables that are impaired and provided for The Group’s trade receivables that are individually impaired at the reporting date and the movement of the allowance accounts used to record the impairment are as follows: Group 2018 2017 RM’000 RM’000 Trade receivable - 61 to 90 days past due and impaired – 7,648 - 91 to 120 days past due and impaired – 1,200 - More than 121 days past due and impaired 7,272 748 Less: Allowance for impairment (7,272) (7,454) – 2,142 Movement for trade receivables allowance accounts: At 1 February 7,454 – Charge for the financial year – 7,454 Reversal of impairment loss (649) – Exchange differences 467 – At 31 January 7,272 7,454 Trade receivables that are individually determined to be impaired at the reporting date related to a debtor that is in significant financial difficulties and/or have defaulted on payments. This receivable is not secured by any collateral or credit enhancements. 158 Yinson Holdings Berhad Annual Report 2018 Accountability