CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 160 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 24. TRADE AND OTHER RECEIVABLES (CONT'D.) (a) Trade receivables Trade receivables, inclusive of amount due from associates and joint ventures, are non-interest bearing and are generally on 30 to 120 day (2015: 30 to 120 day) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. The Group’s trade receivables relate to a large number of diversified customers. Accordingly, there is no significant concentration of credit risk. Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Group 2016 2015 RM’000 RM’000 Neither past due nor impaired 162,467 225,203 1 to 30 days past due not impaired 21,481 39,927 31 to 60 days past due not impaired 10,813 38,413 61 to 90 days past due not impaired 10,950 8,071 91 to 120 days past due not impaired 4,243 7,546 More than 121 days past due not impaired 27,460 31,600 74,947 125,557 Impaired 9,806 5,183 247,220 355,943 Receivables that are neither past due nor impaired Trade 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. Receivables that are past due but not impaired The Group has trade receivables amounting to RM74,947,000 (2015: RM125,557,000) which are past due but not impaired. These receivables are unsecured. None of the past due account holders have history of default records.