CAHYA MATA SARAWAK ANNUAL REPORT 2016

161 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 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 (cont'd.) Receivables that are impaired The Group’s trade receivables that were individually impaired at the reporting date and the movements of the allowance accounts used to record the impairment were as follows: Group 2016 2015 RM’000 RM’000 Trade receivables 9,806 5,183 Less: Allowance for impairment (3,084) (3,174) 6,722 2,009 Movement in allowance accounts: At 1 January 3,174 4,083 Charges for the year (Note 8) 1,746 1,200 Reversal of impairment loss (Note 6) (1,836) (2,109) At 31 December 3,084 3,174 Trade receivables that were individually determined to be impaired at the reporting date relate to debtors that are in significant financial difficulties and have defaulted on payments or debtors that have usually settled their debts beyond the prescribed credit terms. These receivables are not secured by any collateral or credit enhancements. (b) Other receivables (i) Amount due from subsidiaries under central cash management accounts All balances due to the Company are repayable on demand and earn interest at rates ranging from 4.10% to 5.31% (2015: 5.00% to 5.25%) per annum. (ii) Amount due from subsidiaries under current accounts The amount is unsecured, non-interest bearing and is repayable on demand. (iii) Amount due from subsidiaries under loans An amount of RM62,131,204 (2015: RM58,914,575) included in amount due from subsidiaries under loans is unsecured and earns interest at 4.75% to 5.56% (2015: 4.55% to 4.85%) per annum. The interest and principal repayments for the remaining balance of amount due from subsidiaries under loans is in accordance with the terms of shareholders’ loan as described in Note 30(c). (iv) Amount due from joint ventures and associate This amount is unsecured, non-interest bearing and is repayable on demand. (v) Amount due from an associate under shareholders’ loans The amount is unsecured and earns interest at 4.75% to 5.56% (2015: 4.55% to 4.85%) per annum.