Yinson Annual Report 2019

201 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) (b) Credit risk (continued) (ii) Debt instruments at amortised costs other than trade receivables (continued) The following table contains an analysis of the credit risk exposure for which an ECL allowance is recognised. The gross carrying amount disclosed below also represents the Group’s and the Company’s maximum exposure to credit risk on these assets: Group 2019 Under- Not Performing performing performing Total RM’000 RM’000 RM’000 RM’000 Other receivables Gross carrying amount 268,338 – 37,657 305,995 Accumulated impairment loss (7,491) – (37,657) (45,148) Net carrying amount 260,847 – – 260,847 Tax recoverable Gross carrying amount 3,703 – 3,686 7,389 Accumulated impairment loss – – (3,686) (3,686) Net carrying amount 3,703 – – 3,703 Cash and bank balances Gross/net carrying amount 1,217,279 – – 1,217,279 Finance lease receivables Gross/net carrying amount 15,637 – – 15,637 Company 2019 Under- Not Performing performing performing Total RM’000 RM’000 RM’000 RM’000 Other receivables (excluding amounts due from subsidiaries) Gross carrying amount 1,736 – – 1,736 Accumulated impairment loss – – – – Net carrying amount 1,736 – – 1,736 Amounts due from subsidiaries Gross carrying amount 1,062,531 35,814 83,245 1,181,590 Accumulated impairment loss – (18,616) (83,245) (101,861) Net carrying amount 1,062,531 17,198 – 1,079,729 Cash and bank balances Gross/net carrying amount 9,480 – – 9,480 The reconciliation of allowance for impairment of other receivables is disclosed in Note 24(b). As at 31 January 2019, the credit risk of the Group primarily relates to the Group’s 5 (2018: 3) largest customers which accounted for 75% (2018: 92%) of the outstanding trade receivables at the end of the reporting period. The Group believes these counterparties’ credit risk is low taking into consideration of their financial position, past collection experiences and other factors. Except for the impairment loss provided as disclosed in Note 24(a) to the financial statements, management does not expect any counterparty to fail to meet their obligations.