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Notes to the
Financial Statements
As at 31 March 2019
20. Trade receivables
Group
Company
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
(Restated)
Third parties
135,019
147,017
10
10
Less: Allowance for impairment
(5,860)
(7,057)
(10)
(10)
Trade receivables, net
129,159
139,960
-
-
The Group’s normal trade credit term ranges from 30 to 90 days (2018: from 30 to 90 days). Other credit terms
are assessed and approved on a case-by-case basis.
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 RM41,827,000 (2018: RM55,319,000) 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
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
Neither past due nor impaired
49,909
54,190
-
-
1 to 60 days past due but not impaired
27,185
35,496
-
-
61 to 120 days past due but not impaired
5,145
13,051
-
-
More than 121 days past due but not impaired
46,920
37,223
-
-
79,250
85,770
-
-
129,159
139,960
-
-
Impaired
5,860
7,057
10
10
135,019
147,017
10
10
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.
financial
statements
169