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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
24. Trade and other receivables (cont’d)
130
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Other receivables
Third parties 100,947 119,843 13,501 19,678
Subsidiaries – – 109,550 99,170
Associates – – – 241
Jointly controlled entity 12 12 12 12
100,959 119,855 123,063 119,101
Allowance for impairment
- Third parties (14,288) (2,035) (7,641) (1,363)
- A subsidiary – – (3,078) (3,078)
Other receivables, net 86,671 117,820 112,344 114,660
Deposits 1,766 2,273 766 763
Other receivables 88,437 120,093 113,110 115,423
Total trade and other receivables (current) 309,030 258,768 333,703 252,045
Total trade and other receivables (current and
non-current) excluding deposits 311,787 259,102 337,460 253,889
Deposits
Total trade and other receivables (current and
1,766 2,273 766 763
non-current) 313,553 261,375 338,226 254,652
Add: Cash and cash equivalents (Note 26) 235,697 119,244 178,367 78,378
Total loans and receivables 549,250 380,619 516,593 333,030
(a) Credit risk
The Group’s normal trade credit terms range from cash payment to 90 days. Other credit terms are assessed and
approved on a case-by-case basis.
Other information on credit risk are disclosed in Note 38(d).
(b) Amount due from subsidiaries
Amount due from subsidiaries are unsecured and repayable on demand. Included in amounts due from subsidiaries are
unsecured advances to subsidiaries amounting to RM104.80 million (2010: RM94.24 million). Interest rates of between
3.0% and 4.0% (2010: 3.0% and 4.0%) per annum are charged on these advances.
(c) Amount due from jointly controlled entity
The amount of RM4,523,000 (2010: RM2,607,000) due from a jointly controlled entity under other receivables in noncurrent
assets is due from KM Resources, Inc.. This is an unsecured long term loan bearing interest at 4% per annum.
The amount due from a jointly controlled entity under other receivables in current assets comprises short term advances,
for working capital. They are unsecured, interest free and repayable on demand.
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