2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Notes to
the Financial Statements
for the financial year ended 31 December 2012
32 TRADE AND OTHER RECEIVABLES (CONTINUED)
Group
2012 2011 1.1.2011
RM’000 RM’000 RM’000
Ageing 3 to 6 months 80 4 –
Ageing 7 to 12 months 56 6,976 323
Over 12 months 60,468 51,522 76,184
60,604 58,502 76,507
The carrying amounts of the Group’s trade receivables are denominated in the following currencies:
Group
2012 2011 1.1.2011
RM’000 RM’000 RM’000
RM 428,554 387,175 371,164
USD 89 846 324
SGD 659 916 1,406
Others 42 245 12
429,344 389,182 372,906
Movements on the Group’s provision for impairment of receivables are as follows:
Group
2012 2012 2011 2011
Trade Other Trade Other
receivables receivables receivables receivables
RM’000 RM’000 RM’000 RM’000
At 1 January 58,502 175,719 76,507 170,680
Impairment charge for the financial year 3,226 219 8,049 6,407
Receivables written off during the
financial year as uncollectible – – (22,070) (1,259)
Recovery of bad debts (1,124) (1,552) (3,984) (109)
At 31 December 60,604 174,386 58,502 175,719
The creation and release of provision for impaired receivables have been included as a net amount in the profit and
loss. Amounts charged as impairment are generally written off when there is no expectation of recovering additional
cash.
The other classes within trade and other receivables do not contain impaired assets.
224
annual
report
2012
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables
mentioned above. The Group holds bank guarantees and deposits amounting to RM43.6 million (2011: RM41.6
million, 1.1.2011: RM4.16 million) as collateral to reduce its credit risk.