TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
114
NOTES TO THE FINANCIAL STATEMENTS
33. Financial instruments (continued)
33.4 Credit risk (continued)
Receivables (continued)
Impairment losses (continued)
(b) Hire purchase receivables
The ageing of hire purchase receivables as at the end of the reporting period was:
Gross
Individual
impairment
Collective
impairment
Net
RM’000
RM’000
RM’000
RM’000
Group
2014
Not past due
401,486
-
(800)
400,686
Past due 1 - 30 days
30,164
-
(193)
29,971
Past due 31 - 90 days
7,410
(131)
(195)
7,084
Past due more than 90 days
20,264
(4,772)
(12,792)
2,700
459,324
(4,903)
(13,980)
440,441
2013
Not past due
421,238
-
(140)
421,098
Past due 1 - 30 days
35,366
-
(15)
35,351
Past due 31 - 90 days
32,645
-
(994)
31,651
Past due more than 90 days
15,989
(4,430)
(9,929)
1,630
505,238
(4,430)
(11,078)
489,730
The movements in the allowance for impairment losses of hire purchase receivables during the financial year
were:
Group
2014
2013
RM’000
RM’000
At 1 January
15,508
12,038
Impairment loss recognised
3,683
5,845
Impairment loss reversed
(308)
(2,373)
Impairment loss written off
-
(2)
At 31 December
18,883
15,508
Hire purchase 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.
