30.07.2015 Views

Quality - UAC Berhad

Quality - UAC Berhad

Quality - UAC Berhad

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Notes to The Financial StatementsFor The Financial Year Ended 31 December 200517 TRADE AND OTHER RECEIVABLES (continued)Credit terms of trade receivables range from payment in advance to 60 days (2004: Payment in advance to 60 days).Concentrations of credit risk with respect to trade receivables are limited due to the Group's large number ofcustomers, who are involved in distribution, trading and construction activities and the variety of end markets inwhich they sell. The Group's historical experience in collection of accounts receivable falls within the recordedallowances. The Group believes that no additional credit risk beyond amounts allowed for collection losses isinherent in its trade receivables.18 AMOUNTS DUE FROM SUBSIDIARY COMPANIESCompany2005 2004RM'000 RM'000Trade 0 91Non-trade 11,274 10,81611,274 10,907Allowance for doubtful debts (4,000) (4,157)7,274 6,750Amounts due from subsidiary companies are denominated in Ringgit Malaysia.Non-trade balances are interest free, unsecured and carry no fixed terms of repayment. Trade balances as atprevious financial year end were subject to 60 days credit.19 CASH AND CASH EQUIVALENTSCash and cash equivalents included in the cash flow statements comprise the following:GroupCompany2005 2004 2005 2004RM'000 RM'000 RM'000 RM'000Fixed deposits placed with- licensed banks 162,620 128,574 158,146 125,987- licensed finance companies 0 19,712 0 19,226162,620 148,286 158,146 145,213Cash and bank balances 6,017 5,667 4,835 4,591168,637 153,953 162,981 149,804<strong>UAC</strong> BERHAD (5149-H) (Incorporated in Malaysia) 73

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!