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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
38. Financial risk management objectives and policies (cont’d)
160
(d) Credit risk (cont’d)
The Group and the Company determine concentrations of credit risk by monitoring the country profile of its trade and
other receivables on an ongoing basis. The credit risk concentration profile of the Group’s and the Company’s current and
non-current trade and other receivables (excluding deposits) at the reporting date is as follows:
2011 2010
%
%
Group
By country:
RM’000 of total RM’000 of total
Australia 8,924 3 19,406 7
Canada 2,788 1 979 –
China, including Hong Kong and Taiwan 24,212 8 10,957 4
Indonesia 138,240 44 173,474 67
Malaysia 13,942 4 18,202 7
Philippines 22 – 2,621 1
Singapore 37,577 12 7,122 3
South Africa 51,941 17 17,110 7
United Kingdom 10,072 3 160 –
Others 24,069 8 9,071 4
Building on Success: Developing Resources for the Future
311,787 100 259,102 100
Company
By country:
Australia 9,342 3 20,037 8
Canada 2,788 1 979 –
China, including Hong Kong and Taiwan 24,212 7 10,957 4
Indonesia 144,048 43 146,320 58
Malaysia 33,390 10 39,507 16
Philippines 22 – 2,621 1
Singapore 37,577 11 7,137 3
South Africa 51,941 15 17,110 7
United Kingdom 10,072 3 150 –
Others 24,068 7 9,071 3
Financial assets that are neither past due nor impaired
337,460 100 253,889 100
Information regarding trade and other receivables that are neither past due nor impaired is disclosed in Note 24. Deposits
with banks and other financial institutions, investment securities and derivatives that are neither past due nor impaired
are placed with or entered into with reputable financial institutions or companies with high credit ratings and no history
of default.
Financial assets that are either past due or impaired
Information regarding financial assets that are either past due or impaired is disclosed in Note 20 and Note 24.
(e) Commodity price risk
Commodity price risk is the risk of financial loss resulting from movements in the price of the Group’s commodity inputs
and outputs. The Group is exposed to commodity price risk arising from revenue derived from sales of tin as well as to
the impact of crude oil prices on the cost of fuel consumed in the mining and processing of tin.
The tin price risk is managed through contractual arrangements with customers and derivative instruments such as
forward sales contracts.