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FINANCIAL REPORTS
184
Bursa Malaysia •
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2015
36. 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’s and the Company’s trade receivables credit term ranges from seven 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’s 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’s 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
Group
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
At nominal amounts
732
388
6,059
6,268
Less: Allowance for impairment
(732)
(388)
(6,059)
(6,268)
-
-
-
-
Movement in allowance accounts:
At 1 January
388
501
6,268
7,004
Charge/(reversal) of impairment loss for the year
344
63
(209)
(736)
Written off
-
(176)
-
-
At 31 December
732
388
6,059
6,268