Annual Report 2012 - IOI Group

26. TRADE AND OTHER RECEIVABLES (Continued)26.1 Trade receivablesGroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Trade receivables 1,354,379 1,482,049 921 1,037Less: Impairment losses (7,935) (6,194) (594) –1,346,444 1,475,855 327 1,037i. The normal trade credit terms granted by the Group and the Company range from 7 to 120 days. They are recognisedat their original invoiced amounts, which represent their fair values on initial recognition.ii.The reconciliation of movements in the impairment losses of trade receivables is as follows:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000At beginning of financial year 6,194 19,936 – –Charge for the financial year 2,653 2,522 594 –Written back (434) (9,677) – –Written off (89) (3,285) – –Foreign currency translation differences (389) (3,302) – –At end of financial year 7,935 6,194 594 –26.2 Other receivables, deposits and prepaymentsGroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Other receivables 68,763 65,098 7,531 1,468Less: Impairment losses (1,629) (1,340) – –67,134 63,758 7,531 1,468Deposits 61,326 26,383 15,830 16,218Prepayments 37,900 37,088 4,896 5,678166,360 127,229 28,257 23,364Annual Report 2012IOI CORPORATION BERHAD 185