Hatching For The Future - teo seng capital berhad

Teo Seng Capital Berhad
Notes To The Financial Statements
For The Financial Year Ended 31 March 2012
11. TRADE AND OTHER RECEIVABLES
Group
Company
2012 2011 2012 2011
RM RM RM RM
Trade receivables
Amount due from related companies 2,227,374 1,434,475 - -
Amount due from related parties 3,004,101 1,418,069 - -
Other trade receivables 19,525,680 16,983,857 - -
24,757,155 19,836,401 - -
Less : Allowance for impairment losses (648,173) (680,895) - -
24,108,982 19,155,506 - -
Other Receivables
Amount due from subsidiaries - - 4,827,451 1,011,767
Deposits 2,411,975 1,911,208 - -
Prepayments 1,283,641 1,734,697 3,267 3,236
Tax recoverable 2,418,938 1,992,265 543,617 256,730
Sundry receivables 1,291,037 225,500 - -
7,405,591 5,863,670 5,374,335 1,271,733
31,514,573 25,019,176 5,374,335 1,271,733
Allowance for impairment losses :
At 1 April (680,895) (583,157) - -
Acquisition of subsidiaries (35,960) - - -
Additions during the financial year (214,682) (175,341) - -
Write off 120,697 - - -
Reversal of allowances no longer required 162,667 77,603 - -
At 31 March (648,173) (680,895) - -
(a)
The Group’s normal trade terms range from cash term to 150 days (2011 : cash term to 150 days) from the date of
invoices. Other credit terms are assessed and approved on a case-by-case basis.
(b)
The amount due from subsidiaries are unsecured, interest free and repayable on demand except for the advances
of RM 2,149,718 (2011 : RM 581,763) which bear interest at 3.4% (2011 : 3.2%) per annum at the end of the
reporting period.
12. DEPOSITS, BANK AND CASH BALANCES
Annual Report 2012
Group
Company
2012 2011 2012 2011
RM RM RM RM
Bank and cash balances 19,769,355 20,786,357 366,264 515,234
Fixed deposits placed with licensed banks 1,357,196 2,104,785 - 410,579
21,126,551 22,891,142 366,264 925,813
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