Annual Report 2011 - The Malaysian Institute Of Certified Public ...

President’s Statement Financial Statement97(b)The movements of allowance for impairment loss during the financial year are as follows:2011 2010RMRMBalance at January 1 76,809 17,750Impairment loss recognised during the year 27,639 59,059Balance at December 31 104,448 76,809(c)The ageing analysis of the Institute’s receivables are as follows:2011 2010RMRMNeither past due nor impaired 162,090 148,4590 to 30 days past due 9,570 10,09831 to 60 days past due 7,258 40,53961 to 90 days past due 14,260 850More than 91 days past due 226,591 341,148419,769 541,094Allowance for impairment loss (104,448) (76,809)315,321 464,285Receivables that are neither past due nor impairedReceivables that are neither past due nor impaired are creditworthy debtors with good payment records with theInstitute. No significant change in the credit quality of these receivables has occurred which are still consideredrecoverable. The Institute does not hold any collateral over these balances.Receivables that are past due but not impairedReceivables that are past due but not impaired relate to members and a number of significant creditworthydebtors. No significant change in the credit quality of these receivables has occurred which are still consideredfully recoverable. The Institute does not hold any collateral over these balances.