Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

NOTES TO THEFINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 (CONTINUED)33. TRADE AND OTHER RECEIVABLES (CONTINUED)The movement of provision for impairment of trade and other receivables are as follows:note 2012 2011Group RM’000 RM’000Trade receivablesAt 1 January 297,787 352,603Provision for impairment 7(b) 82,266 84,720Acquisition of a subsidiary 18,059 –Written off (174,522) (138,268)Currency translation differences (6,357) (1,268)At 31 December 217,233 297,787Other receivablesAt 1 January 23,940 25,832Provision for impairment 7(b) 6,300 1,183Written off (1,912) (3,075)At 31 December 28,328 23,940The carrying amounts of trade and other receivables approximate their fair value.Trade receivables which are due as at the end of the reporting period are as follows:Past dueSpecificallyimpairednot specifically impairednot past 0 -3 3 - 6 6 – 12 Over 12due months months months months TotalRM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’00031.12.2012 248,135 25,923 247,533 94,231 30,370 55,066 701,25831.12.2011 232,604 18,411 438,785 96,020 64,426 40,087 890,3331.1.2011 194,718 46,651 295,246 61,112 31,878 57,189 686,794The Group is not exposed to major concentration of credit risk due to the diverse customer base. In addition,credit risk is mitigated to a certain extent by cash deposits and bankers’ guarantee obtained from customers.The Group considers the accumulated impairment losses of trade receivables at the end of the reporting periodto be adequate to cover the potential financial loss.Credit terms of trade receivables for the Group range from 7 to 90 days (2011: 7 to 90 days).272