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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)
(d) Amount due from an associate
The amount due from an associate under trade receivables is unsecured, interest free and subject to the Group’s normal
credit terms which range from cash to 90 days.
Further details on related party transactions are disclosed in Note 37.
Other information on financial risks of receivables are disclosed in Note 38.
The age analysis of non-current and current trade and other receivables (excluding deposits) is as follows:
Gross
Allowance
for
impairment
losses Net
Group
31 December 2011
RM’000 RM’000 RM’000
Not past due
Past due:
278,617 – 278,617
Less than 30 days 2,281 – 2,281
30 to 60 days 667 212 455
61 to 90 days 628 444 184
91 to 120 days 687 – 687
More than 120 days 51,710 22,147 29,563
55,973 22,803 33,170
Total 334,590 22,803 311,787
31 December 2010
Not past due
Past due:
220,476 – 220,476
Less than 30 days – – –
30 to 60 days 23,607 – 23,607
61 to 90 days 2,855 – 2,855
91 to 120 days 128 – 128
More than 120 days 20,025 7,989 12,036
46,615 7,989 38,626
Total 267,091 7,989 259,102
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 131