2009 - TDM Berhad

TDM Berhad (6265-P) 105Notes to the Financial Statements18. Trade ReceivablesGroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000RestatedTrade receivables 66,996 59,621 299 299Less: Provision for doubtful debts (18,881) (18,604) – –48,115 41,017 299 299The Group’s and Company’s primary exposure to credit risk arises through its trade receivables. The Group’s and Company’s trading termswith its customers are mainly on credit. The credit period is generally for a period ranging from 15 to 60 days. Each customer has a maximumcredit limit. The Group and Company seek to maintain strict control over their outstanding receivables and have a credit control departmentto minimise credit risks. Overdue balances are reviewed regularly by senior management. In view of the aforementioned and the fact thatthe Group’s and Company’s trade receivables relate to a large number of diversifi ed customers, there is no signifi cant concentration of creditrisk. Trade receivables are non-interest bearing.19. Other ReceivablesGroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000RestatedRestatedDue from subsidiaries – – 88,851 168,267Sundry receivables 27,201 24,422 10,677 5,911Deposits 3,084 1,629 193 193Prepayments 6,445 4,926 88 2436,730 30,977 99,809 174,395Less: Provision for doubtful debtsThird parties (7,537) (7,549) (2,411) (2,411)Subsidiaries – – (25,527) (23,836)(7,537) (7,549) (27,938) (26,247)29,193 23,428 71,871 148,148Included in sundry receivables of the Group is an amount of RM5,000,000 (2008: RM5,000,000) held with a shareholder, TerengganuIncorporated Sdn. Bhd.The amount due from subsidiaries is unsecured, non interest bearing and has no fi xed terms of repayment.The Group and the Company have no signifi cant concentration of credit risk that may arise from exposures to a single debtor or to groupsof debtors.