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