Content2011 - PETRONAS Gas Berhad

Notes to the Financial Statements
31 MarCh 2011
32. Financial Instruments (Continued)
183 annUaL report 2011
Receivables (Continued)
The ageing of trade receivables as at the reporting date is as follows:
2011 2010
Group/Company RM’000 RM’000
Current 300,854 273,156
Past due 1 to 30 days 499 4,738
Past due 31 to 60 days 801 987
Past due 61 to 90 days 689 461
Past due more than 90 days 4,351 2,713
307,194 282,055
There were no renegotiated balances outstanding as at 31 March 2011.
Fund and other investments
The Group has a Group Treasury Investment Guideline that defi nes the parameters within which the investment activities shall be undertaken
to achieve the Group’s investment objective of preserving capital and generating optimal returns above appropriate benchmarks within
allowable risk parameters. In accordance with the guideline, investments are only allowed with highly credit rated counterparties.
The treasury function undertakes a credit risk management activity similar to the credit management and monitoring procedures for
receivables.
The maximum exposure to credit risk is represented by the carrying amounts in the statement of fi nancial position.
As at the reporting date, the Group and the Company has only invested in domestic securitites.
In view of the sound credit rating of counterparties, management does not expect any counterparty to fail to meet its obligation.
The fund and other investments are unsecured.
Liquidity Risk
Liquidity risk is the risk that suitable sources of funding for the Group’s business activities may not be available. In managing its liquidity risk,
the Group maintains suffi cient cash and liquid marketable assets.