2004 - Hiap Teck Venture Berhad

8. TRADE RECEIVABLES
GROUP
2004 2003
RM'000 RM'000
Trade receivables 149,364 120,698
Less: Provision for doubtful debts (6,359) (10,440)
143,005 110,258
The Group's normal trade credit term ranges from 14 days to 90 days (2003: 14 days to 90 days). Other credit
terms are assessed and approved on a case-by-case basis.
The Group's has no significant concentration of credit risk that may arise from exposure to a single debtor or to
groups of debtors.
The movements in provision for doubtful debts is as follows:
GROUP
2004 2003
RM'000 RM'000
At 1 August 10,440 4,015
Transfer from income statement:
Provision for doubtful debts 64 6,594
Doubtful debts recovered, via:
- Cash (2,683) -
- Shares assignment, classified as other investment (Note 5) (1,462) -
(4,145) -
Doubtful debts written back - (75)
Doubtful debts written off - (94)
At 31 July 6,359 10,440
9. OTHER RECEIVABLES
GROUP
COMPANY
2004 2003 2004 2003
RM'000 RM'000 RM'000 RM'000
Deposits 18,200 62 22 9
Prepayments 1,210 1,147 - -
Sundry receivables 175 1,832 - -
Share issues expenses - 1,338 - 1,338
19,585 4,379 22 1,347
The Group has no significant concentration of credit risk that may arise from exposures to a single debtor or to
groups of debtors.
Share issues expenses were written off against share premium arising from share issued during the financial year.
10. DUE FROM/(TO) SUBSIDIARIES
The amounts due from/(to) the subsidiaries are unsecured, interest-free and have no fixed terms of repayment.
HIAP TECK VENTURE BERHAD
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