ENRICHING LIVES EXPANDING HORIZONS - Maxis

164
Financial Statements
NOTES TO THE
FINANCIAL STATEMENTS
31 December 2011
Continued
25 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONTINUED)
(a) Trade receivables (continued)
Trade receivables that are past due but not impaired
No allowance for impairment was made in respect of these past due trade receivables based on the past historical collection
trends.
(b) Allowance for impairment
Movement on the Group allowance for impairment of receivables and deposits is as follows:
GROUP
RESTATED
2011 2010
RM’000
RM’000
As at 1 January 95,051 180,842
Charged to income statement 147,832 122,610
Reversed from income statement (12,335) (4,089)
Amount written off (141,791) (204,312)
As at 31 December 88,757 95,051
26 RELATED PARTIES BALANCES
GROUP
NOTE 2011 2010
RM’000
RM’000
Current asset:
- Amounts due from related parties (a) 16,428 13,792
Current liability:
- Amounts due to related parties (a) (23,214) (42,944)
Non-current liability:
- Loan from a related party (b) (35,668) (33,205)
(a) The amounts due from/(to) related parties are trade in nature, unsecured, interest free and ranging from 1 to 60 days credit
period (2010: 1 to 60 days).
(b) Loan from a related party is unsecured and is denominated in RM. The principal and interest of the loan are repayable at the
end of five years from the drawdown date of 9 December 2005. The loan has been extended for another five years, expiring
on 9 December 2015. The outstanding interest on the loan at the extension date has been capitalised. The effective interest
rate as at the reporting date is 7.60% per annum (2010: 7.30%).