21. Trade and other receivables (cont’d.) Significant financial difficulties of the debtors, probability that the debtors will enter bankruptcy or financial reorganisation, and default or delinquency in payments (more than 90 days ageing of trade receivable balances) are considered indicators that the trade receivable is impaired. Individual debtor is written off when management deemed the amount to be not collectible. Trade receivables that were impaired at the reporting date and the movement of the allowance accounts used to record the impairment are as follows: Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January 194,761 118,688 91,947 81,241 Impairment loss recognised (Note 5) 201,400 47,585 4,691 – Write-back of impairment loss (2,441) (7,013) (2,441) (7,013) Bad debts written off (7,857) (2,374) – – Disposal of a subsidiary (35,214) – – – Currency translation differences (38,079) 37,875 (633) 17,719 At 31 December 312,570 194,761 93,564 91,947 (a) Trade receivables The Group’s normal trade credit terms with its customers range from 7 to 90 days (2015: 7 to 90 days). Other credit terms are assessed and approved on a case-by-case basis and each customer is assigned a maximum credit limit. (b) Other receivables and amounts due from related parties The non-trade balances due from holding company, subsidiaries, associates and joint ventures are repayable on demand and are non-interest bearing. Financial Statements 267
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