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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
20. Trade receivables
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Third parties
147,017
113,869
10
29
Less: Allowance for impairment
(5,510)
(5,720)
(10)
(10)
Trade receivables, net
141,507
108,149
-
19
The Group’s normal trade credit term ranges from 30 to 90 days (2017: 30 to 90 days). Other credit terms are assessed and
approved on a case-by-case basis.
Included in trade receivables amount is accrued revenue of RM Nil (2017: RM8,645,000).
The Group has no significant concentration of credit risk that may arise from exposures to a single debtor or to group of
debtors except for a balance of RM55,319,000 (2017: RM47,470,000) due from the Government of Malaysia.
Ageing analysis of trade receivables
The ageing analysis of the Group’s and the Company’s trade receivables is as follows:
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Neither past due nor impaired
54,190
45,472
-
19
1 to 60 days past due but not impaired
35,496
18,307
-
-
61 to 120 days past due but not impaired
13,051
12,621
-
-
More than 121 days past due but not impaired
38,770
23,104
-
-
87,317
54,032
-
-
Impaired
5,510
5,720
10
10
147,017
105,224
10
29
Trade 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 the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year.