Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

24. Trade and other receivables (contd.)
(a) Trade receivables
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
Trade receivables are non-interest bearing and are generally on 30 to 120 day (2010: 30 to 120 day)
terms. They are recognised at their original invoice amounts which represent their fair values on initial
recognition. The Group’s trade receivables relate to a large number of diversifi ed customers, accordingly
there is no signifi cant concentration of credit risk.
Ageing analysis of trade receivables
The ageing analysis of the Group’s trade receivables is as follows:
Group
2011 2010
RM’000 RM’000
Neither past due nor impaired 123,139 121,506
1 to 30 days past due not impaired 21,941 10,494
31 to 60 days past due not impaired 1,938 3,720
61 to 90 days past due not impaired 1,616 2,278
91 to 120 days past due not impaired 3,145 2,550
More than 121 days past due not impaired 23,398 4,752
52,038 23,794
Impaired 20,587 46,995
195,764 192,295
Receivables that are neither past due nor impaired
Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good
payment records with the Group.
None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated
during the fi nancial year.
Receivables that are past due but not impaired
The Group has trade receivables amounting to RM52,037,770 (2010: RM23,794,161) that are past due
at the reporting date but not impaired. These receivables are unsecured. None of the past due account
holders has history of default records. The Management is confi dent in making collection from these
receivables in near future.
Annual Report 2011 135