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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.