cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 2012105Notes to the Financial Statements (cont’d)28. Financial instruments (Cont’d)28.4 Credit risk (cont’d)Credit risk exposures and concentrationThe Group’s credit risks are mainly on financial assets relating to receivables, cash deposits andinvestments as summarised in the table below for both the Group and Company level.Maximum exposure31.12.2012 31.12.2011 1.1.2011Group RM’000 RM’000 RM’000Financial assetsTrade receivable 375,687 334,700 254,689Amount due from contract customers 486,839 450,390 395,151Amount due from related parties,associates, and jointly-controlled entities 19,025 21,769 1,914Other receivable and deposit 27,674 40,601 26,445Other investment 14,183 14,088 3,620Derivative financial assets 8,682 20,584 16,331Deposit with licensed bank 8,888 65,061 79,135Deposit with financial institutions – 9,987 5,712Cash at bank balances 182,913 341,381 211,3901,123,891 1,298,561 994,387CompanyFinancial assetsAmount due from a subsidiary company 645,871 360,671 531,074Amount due from related parties,associates, and jointly-controlled entities 3,334 1,374 13Other receivable and deposit 17 3,302 2,987Deposit with financial institution – – 3,259Cash at bank balances 17,830 622 518667,052 365,969 537,851ReceivablesConcentration of Credit RiskThe credit risk concentration of the Group is mainly in the trade receivables and amount due from contractdebtors, and this is further analysed by its source of operation - geographic location.31.12.2012 31.12.2011 1.1.2011RM’000 % RM’000 % RM’000 %Asia & Oceania 355,075 41 361,324 46 235,982 36Europe 463,349 54 370,743 47 376,404 58Americas 44,102 5 53,023 7 37,454 6862,526 100 785,090 100 649,840 100