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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
167
36. Financial risk management objectives and policies (cont’d.)
(e) Credit risk (cont’d.)
(ii) Receivables that are impaired (cont’d.)
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: (cont’d.)
Trade
receivables
Other
receivables
Due from
subsidiaries
2014
2013
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Company
At nominal amounts
258
194
2,584
2,675
11,855
11,851
Less: Allowance for impairment
(258)
(194)
(2,584)
(2,675)
(11,855)
(11,851)
-
-
-
-
-
-
Movement in allowance accounts:
At 1 January
194
206
2,675
2,695
11,851
11,851
Charge/(reversal) of impairment loss
for the year
64
(12)
(91)
(20)
4
-
At 31 December
258
194
2,584
2,675
11,855
11,851
Receivables that are individually determined to be impaired at the financial year end relate to debtors that are in significant financial difficulties and
have defaulted on payments.
Receivables are not secured by any collateral or credit enhancements other than as disclosed in Note 22.
37. Classification of financial instruments
The Group and the Company’s financial assets and financial liabilities are measured on an ongoing basis at either fair value or at amortised cost based on their
respective classification. The significant accounting policies in Note 2.4 describe how the classes of financial instruments are measured, and how income and
expenses, including fair value gains and losses, are recognised. The following table analyses the financial assets and liabilities of the Group and of the Company
in the statements of financial position by the classes and categories of financial instruments to which they are assigned, and therefore by the measurement basis.