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21. tRADe AnD otheR ReCeivABleS (Cont’D)
other receivables
group Company
2010 2009 2010 2009
Rm’000 Rm’000 Rm’000 Rm’000
Amount due from:
Associates — 2,680 — 2,680
Jointly controlled entities 90,407 79,662 — —
90,407 82,342 — 2,680
Deposits and prepayments 22,502 71,304 1,464 1,466
Sundry receivables 44,930 84,069 65 446
67,432 155,373 1,529 1,912
Less: Provision for doubtful debts (563) (385) — —
66,869 154,988 1,529 1,912
1,141,766 1,703,877 1,613 4,604
Trade receivables are non-interest bearing. The Group’s normal trade credit term ranges from 30 to 120 days (2009: 30 to 120 days).
Other credit terms are assessed and approved on a case-by-case basis. Overdue balances are reviewed regularly by senior management.
Amounts due from associates and jointly controlled entities are unsecured, interest free and have no fixed term of repayment.
The Group has significant exposure to a few large customers mainly major oil companies and as such a concentration of credit risks
which comprise most of the total trade receivables of the Group. However, the potential for default is remote as the customers are of
high creditworthiness and of international reputation.
Further details on related party transactions are disclosed in Note 34.
Other information on financial risks of receivables are disclosed in Note 35.
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SapuraCrest Petroleum Berhad
Annual Report 2010