PERS Model financial statements - AXP Solutions

PERS Ref.
1.46(a) MODEL GROUP SDN. BHD. (Company No. 12345678-A)
(Incorporated in Malaysia)
AND ITS SUBSIDIARIES
1.8(e)
1.46(b),(c)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009
16. TRADE AND OTHER RECEIVABLES
THE GROUP THE COMPANY
2009 2008 2009 2008
RM RM RM RM
1.72 Trade receivables 827,105 1,071,588 - -
Less: Allowance for doubtful debts (69,392) (63,377) - -
Net trade receivables 757,713 1,008,211 - -
1.72 Other receivables, deposits and
prepayments:
- Other receivables 189,973 158,352 3,534 2,424
- Deposits 38,637 39,194 189 321
- Prepayments 50,594 66,227 43 27
279,204 263,773 3,766 2,772
1.72 Amounts due from subsidiaries:
- trade nature - - 765,394 593,201
- non-trade nature and unsecured - - 2,702,515 4,820,005
- Less: Allowance for doubtful debts - - - -
- - 3,467,909 5,413,206
1,036,917
1,271,984
3,471,675
5,415,978
Included in trade receivables of the Group is RM143,682 (2008: RM284,791) owing by companies in
which certain directors of the Company have interests.
Included in other receivables of the Group is RM12,730 (2008: RM32,905) owing by companies in
which certain directors of the Company have interests. The outstanding amount is unsecured,
interest-free and has no fixed terms of repayments.
7.43 17. GROSS AMOUNT DUE FROM CUSTOMERS
THE GROUP THE COMPANY
2009 2008 2009 2008
RM RM RM RM
7.41(a) Aggregate contract costs incurred to date 2,393,904 1,650,960 - -
7.41(a) Add: Attributable profits recognised 703,586 461,986 - -
7.41(a) Less: Expected losses recognised (10,395) (8,267) - -
3,087,095 2,104,679 - -
Less: Progress billings (2,985,697) (1,996,496) - -
101,398
108,183
7.41(c) Retentions included in trade receivables 69,294 80,933 - -
-
43
-