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NOTES TO THE FINANCIAL STATEMENTS (cont’d)
31 DECEMBER 2012
10 TRADE RECEIVABLES (cont’d)
As at the end of the previous reporting period, included in trade receivables were debts owing by a related party,
Korakan Corporation Sdn. Bhd. amounting to RM409,323.
Included in trade receivables of a subsidiary are debts arising from government agency customer.
The ageing analysis of trade receivables of the Group are as follows:
2012
RM
Group
Neither past due nor impaired
Past due, not impaired
2,372,787 695,207
1 - 30 days past due - 22,220
More than 31 days past due 39,052 47,840
39,052 70,060
Receivables that are neither past due nor impaired
2011
RM
2,411,839 765,267
Trade receivables that are neither past due nor impaired are creditworthy trade receivables with good payment records
with the Group.
None of the trade receivables of the Group that are neither past due nor impaired have been renegotiated during
the financial year.
Receivables that are past due but not impaired
The Group has trade receivables amounting to RM39,052 (2011: RM70,060) that are past due at the end of the reporting
period but not impaired. Trade receivables of the Group that are past due but not impaired are generally unsecured in
nature. The Group closely monitors the financial standing of these counter parties on an ongoing basis to ensure that
the Group is exposed to minimal credit risk.
11 OTHER RECEIVABLES
2012
RM
Group Company
Other receivables 4,950,756 5,019,822 - 150
Deposits and prepayments 432,427 7,255,899 1,000 1,000
Dividend receivables - - 1,250,000 1,750,000
Prepayment of finance lease 3,280,589 1,858,476 - -
Less: Impairment loss on other receivables (3,285) - - -
2011
RM
2012
RM
2011
RM
8,660,487 14,134,197 1,251,000 1,751,150
Gunung Capital Berhad (330171-P)
71
annual report | 2012