178 / 232
Kumpulan Fima Berhad
(11817-V)
176
Notes to the
financial statements
31 march 2017
19. Inventories
Group
2017
2016
RM’000
RM’000
At cost:
Raw materials
21,758
16,860
Printing materials
9,573
18,486
Fertilizer
877
282
Oil palm products
8,244
8,232
Work-in-progress
14,581
19,910
Finished goods
20,427
11,635
Consumables
4,888
6,846
80,348
82,251
At net realisable value:
Finished goods
2,464
8,556
82,812
90,807
During the year, the amount of inventories recognised as an expense in cost of sales of the Group was RM151,199,563 (2016:
RM200,450,109).
20. Trade receivables
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Third parties
113,869
190,669
29
30
Less: Allowance for impairment
(5,720)
(7,107)
(10)
(10)
Trade receivables, net
108,149
183,562
19
20
The Group’s normal trade credit term ranges from 30 to 90 days (2016: 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 RM8,645,000 (2016: RM Nil).
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 RM47,470,000 (2016: RM135,723,000) due from the Government of Malaysia.