Frontken Berhad Annual Report 2017

97 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods. The credit periods granted to the customers range from 30 to 90 days (2016: 30 to 90 days). The Group 2017 2016 RM RM Trade receivables 93,498,201 98,070,241 Allowance for impairment losses (1,783,238) (1,923,650) 91,714,963 96,146,591 Movement in allowance for impairment losses on trade receivables is as follows: The Group 2017 2016 RM RM At 1 January 1,923,650 1,889,657 Allowance for impairment losses 71,151 133,461 Write-back of allowance for impairment losses (60,137) (1,196) Written off as bad debts (128,077) (153,974) Exchange difference (23,349) 55,702 At 31 December 1,783,238 1,923,650 Included in trade receivables of the Group are the following amounts owing by the related parties: The Group 2017 2016 RM RM A & I Engine Rebuilders Sdn. Bhd. 201 541 AMT Engineering Sdn. Bhd. 7,521 5,954 Tenaga-Tech (M) Sdn. Bhd. 18,957 11,793 26,679 18,288 The said amount, which arose mainly from trade transactions, is unsecured, interest-free and repayable on demand. The amount owing is to be settled in cash. The related parties and their relationships with the Group are as follows: Name of related parties Relationship A & I Engine Rebuilders Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. AMT Engineering Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. Tenaga-Tech (M) Sdn. Bhd. A company in which Mohd Shukri Bin Hitam and Fauziah Binti Hamlawi, directors of a subsidiary, are also directors and have financial interest. Notes To The Financial Statements (cont’d)