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
36. FINANCIAL INSTRUMENTS (cont’d)
36.1 Financial Risk Management Policies (cont’d)
(b) Credit risk (cont’d)
Exposure to credit risk
At the end of the reporting period, the Group’s maximum exposure to credit risk is represented by :
(i)
The carrying amount of each class of financial assets recognised in the statements of financial position.
(ii)
A nominal amount of RM 63,100,000 (2011 : RM 44,800,000) relating to financial guarantee provided by
the Company to licensed institutions for credit facilities granted to its subsidiaries.
The exposure of credit risk for Group’s trade receivables by geographical region is as follows :
Group
2012 2011
RM
RM
Malaysia 20,218,284 12,449,259
Singapore 3,383,722 6,705,823
Others 506,976 424
24,108,982 19,155,506
Ageing analysis
The ageing analysis of the Group’s trade receivables at the end of the reporting period is as follows :
Gross Individual Carrying
amount impairment amount
RM RM RM
Group - 2012
Not past due 22,200,870 - 22,200,870
Past due :
- less than 3 months 1,787,317 (21,737) 1,765,580
- 3 to 6 months 133,332 (19,906) 113,426
- over 6 months 635,636 (606,530) 29,106
24,757,155 (648,173) 24,108,982
Annual Report 2012
Group - 2011
Not past due 17,032,336 - 17,032,336
Past due :
- less than 3 months 1,531,426 (963) 1,530,463
- 3 to 6 months 500,865 (34,658) 466,207
- over 6 months 771,774 (645,274) 126,500
19,836,401 (680,895) 19,155,506
At the end of the reporting period, trade receivables that are individually impaired were those in significant
financial difficulties and have defaulted on payments. These receivables are not secured by any collateral or
credit enhancement.
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