DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

Notes to the Financial Statements (continued)
31 December 2009
22 TRADE AND OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS
Deleum Berhad Annual Report 2009 95
Group Company
2009 2008 2009 2008
RM RM RM RM
Trade receivables 55,774,790 108,734,719 0 0
Less: Allowance for doubtful debts (1,453,838) (884,863) 0 0
54,320,952 107,849,856 0 0
Other receivables 6,294,736 12,994,869 2,905 6,799
Less: Allowance for doubtful debts (1,499,871) (1,499,871) 0 0
4,794,865 11,494,998 2,905 6,799
Deposits 545,202 584,400 16,820 16,820
Prepayments 484,905 2,531,141 105,171 102,449
The currency exposure profile of trade receivables is as follows:
5,824,972 14,610,539 124,896 126,068
60,145,924 122,460,395 124,896 126,068
Group
2009 2008
RM RM
- Ringgit Malaysia 15,674,395 47,285,145
- US Dollar 36,698,837 59,418,002
- Pound Sterling 0 1,134,998
- Euro 1,947,256 11,711
- Singapore Dollar 464 0
Credit terms of trade receivables range from 30 to 60 days (2008: 30 to 45 days).
54,320,952 107,849,856
The Group’s historical experience in collection of trade receivables falls within the recorded allowances. Due to these
factors, the Directors believe that no additional credit risk beyond amounts provided for collection losses is inherent
in the Group’s trade receivables.
The trade receivables of a subsidiary have been pledged as security for borrowings as disclosed in Note 25.
The fair values of trade and other receivables approximate the carrying values.