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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
20. TRADE RECEIVABLES (CONT’D)
Trade receivables that are past due but not impaired
The Group and the Company have trade receivables amounting to RM136,624,000 (2015: RM143,121,000)
and RM Nil (2015: RM24,000) that are past due at the reporting date but not impaired.
No allowance for impairment is made as in the opinion of the directors, the outstanding debts are expected
to be collected in full within the next twelve months.
Receivables that are impaired
The Group’s and the Company’s trade receivables that are impaired at the reporting date and the movement
of the allowance accounts used to record the impairment are as follows:
Group
Company
2016
2015
2016
2015
RM’000 RM’000 RM’000 RM’000
Trade receivables - nominal amount
7,107
4,248
10
10
Less: Allowance for impairment
(7,107)
(4,248)
(10)
(10)
-
-
-
-
Movement in allowance accounts:
Group
Company
2016
2015
2016
2015
RM’000 RM’000 RM’000 RM’000
At 1 April 2015/2014
4,248
3,145
10
10
Charge for the year (Note 9)
6,553
3,311
-
-
Write back of impairment loss (Note 5)
(3,694)
(2,208)
-
-
At 31 March
7,107
4,248
10
10
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that
are in significant financial difficulties and have defaulted on payments. These receivables are not secured by
any collateral or credit enhancements.