TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
113
NOTES TO THE FINANCIAL STATEMENTS
33. Financial instruments (continued)
33.4 Credit risk (continued)
Receivables (continued)
Impairment losses (continued)
(a) Trade receivables (continued)
Gross
Individual
impairment
Collective
impairment
Net
RM’000
RM’000
RM’000
RM’000
Group
2013
Not past due
204,312
-
-
204,312
Past due 1 - 30 days
50,195
-
-
50,195
Past due 31 - 90 days
30,456
(501)
-
29,955
Past due more than 90 days
63,890
(8,144)
(2,462)
53,284
348,853
(8,645)
(2,462)
337,746
The movements in the allowance for impairment losses of trade receivables during the financial year were:
Group
2014
2013
RM’000
RM’000
At 1 January
11,107
11,709
Impairment loss recognised
4,627
3,504
Impairment loss reversed
(1,739)
(4,079)
Impairment loss written off
(21)
(27)
At 31 December
13,974
11,107
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that
are in significant financial difficulties and have defaulted on payments. These receivables are not secured by
any collateral or credit enhancements.
