153 / 204
page
151
KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
20. TRADE RECEIVABLES
Group
Company
2016
2015
2016
2015
RM’000 RM’000 RM’000 RM’000
Third parties
190,669
196,533
30
58
Less: Allowance for impairment
(7,107)
(4,248)
(10)
(10)
Trade receivables, net
183,562
192,285
20
48
The Group’s normal trade credit term ranges from 30 to 90 days (2015: 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 with certain Government agencies amounting to RM135,723,000 (2015:
RM146,673,000), representing 71.2% (2015: 74.7%) of the Group’s total gross trade receivables.
Ageing analysis of trade receivables
The ageing analysis of the Group’s and the Company’s trade receivables is as follows:
Group
Company
2016
2015
2016
2015
RM’000 RM’000 RM’000 RM’000
Neither past due nor impaired
46,938
49,164
20
24
1 to 60 days past due but not impaired
38,560
49,315
-
24
61 to 120 days past due but not impaired
37,113
30,943
-
-
More than 121 days past due but not impaired
60,951
62,863
-
-
136,624
143,121
-
24
Impaired
7,107
4,248
10
10
190,669
196,533
30
58
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.