Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

136
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
24. Trade and other receivables (contd.)
(a) Trade receivables (contd.)
Receivables that are impaired
The Group’s trade receivables that are individually impaired at the reporting date and the movement of
the allowance accounts used to record the impairment are as follows:
Cahya Mata Sarawak Berhad
2011 2010
RM’000 RM’000
Trade receivables 20,587 46,995
Less: Allowance for impairment (10,706 ) (7,549 )
9,881 39,446
Movement in allowance accounts:
At 1 January 7,549 3,770
Effects of adopting FRS 139 - 3,520
Charges for the year 4,010 5,865
Written off - (1,066 )
Reversal of impairment loss (635 ) (2,665 )
Unwinding of discount (Note 5) (593 ) (1,875 )
Acquisition of subsidiaries 375 -
At 31 December 10,706 7,549
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors
that are in signifi cant diffi culties and have defaulted on payments or debtors that have usually settled
their debts beyond the prescribed credit terms. These receivables are not secured by any collateral or
credit enhancements.
(b) Amount due from subsidiaries
(i) Central cash management accounts
All balances due to the Company are repayable on demand and are charged interest at the rate
of 4.30% to 5.00% (2010: 5.00%) per annum.
(ii) Current accounts
(iii) Loan
These amounts are unsecured, interest-free and are repayable on demand.
The interest and principal repayments from a subsidiary are in accordance with the terms of
shareholders’ loan as described in Note 29.
Further details on related party transactions are disclosed in Note 41.
(c) Amounts due from associates and jointly controlled entities
These amounts are unsecured, interest-free and are repayable on demand.
Further details on related party transactions are disclosed in Note 41.