Bursa Malaysia • Annual Report 2013
169
Financial Reports
35. Financial risk management objectives and policies (cont’d.)
(e) Credit risk (cont’d.)
(i) Receivables that are neither past due nor impaired
Receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group and with the Company.
The Group and the Company’s trade receivables credit term ranges from 7 days to 30 days, except for trade receivables relating to fees due from
clearing participants for clearing and settlement services where payment is due three market days from the month end.
None of the Group and the Company’s receivables that are neither past due nor impaired have been renegotiated during the current and previous
financial years.
The Group and the Company have no significant concentration of credit risk that may arise from exposures to a single clearing participant or
counterparty.
(ii) Receivables that are impaired
The Group and the Company’s receivables that are impaired at the financial year end and the movement of the allowance accounts used to record
the impairment are as follows:
Trade
receivables
Other
receivables
Due from
subsidiaries
2013
2012
2013
2012
2013
2012
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Group
At nominal amounts
601
628
7,004
7,024
-
-
Less: Allowance for impairment
(501)
(458)
(7,004)
(7,024)
-
-
100
170
-
-
-
-
Movement in allowance accounts:
At 1 January
458
719
7,024
5,809
-
-
Charge/(reversal) of impairment
loss for the year
43
24
(20)
1,215
-
-
Written off
-
(285)
-
-
-
-
At 31 December
501
458
7,004
7,024
-
-
Notes to the Financial Statements
31 December 2013
