notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
18 AMOUNTS DUE FROM/(TO) CUSTOMERS ON CONTRACTS
Group
2014
2013
RM'000
RM'000
Aggregate costs incurred to date
1,075,605
717,758
Attributable profits recognised to date less recognised losses
121,046
86,148
1,196,651
803,906
Less: Progress billings on contracts
(1,114,232)
(783,654)
82,419
20,252
Represented by:
Amounts due from customers on contracts
133,834
88,148
Amounts due to customers on contracts
(51,415)
(67,896)
82,419
20,252
Retention sums on contracts (included within trade receivables)
10,092
5,780
19 TRADE AND OTHER RECEIVABLES
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Gross trade receivables
627,121
446,792
-
-
Less: Allowance for impairment loss
(30,644)
(33,393)
-
-
596,477
413,399
-
-
Other receivables, deposits and prepayments
164,833
97,419
1,699
1,868
Less: Allowance for impairment loss
(10,414)
(7,562)
(15)
(15)
154,419
89,857
1,684
1,853
Total net receivables
750,896
503,256
1,684
1,853
123
Wah Seong Corporation Berhad • Annual Report 2014
