Connecting the nation. and Beyond. - ChartNexus

27 TRADE AND OTHER RECEIVABLES (cont’d)
Movements of the provision for impairment of trade receivables during the year are as follows:
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
At start of financial year 22,995 21,948 2,364 2,364
Provision for impairment of receivables 632 1,221 – –
Reversal of impairment (5,123) (174) – –
Written off (326) – – –
At end of financial year 18,178 22,995 2,364 2,364
The creation and release of provision for impaired receivables have been included in ‘other operating expenses’ in the
statement of comprehensive income. Amount charged to the allowance account are generally written off, when there is
no expectation of further recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
/ MRCB laporan tahunan 2011 / 227
The maximum exposure to credit risk at 31 December 2011 is the carrying value of each class of receivables mentioned
above. The Group does not hold any collateral.
Amounts due from subsidiaries, associates and related parties are unsecured, interest free and repayable on demand.
There is no material difference between the carrying value of the trade and other receivables and their fair values, due to
the short term duration of these receivables.