NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
77
13. TRADE AND OTHER RECEIVABLES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Non-current
Amount owing by a subsidiary
-
-
2,089,254
2,180,070
Current
Trade receivables
Third parties
5,908,450
2,497,170
5,809,860
2,333,655
Less: Impairment loss on trade
receivables
(49,600)
(49,600)
(49,600)
(49,600)
5,858,850
2,447,570
5,760,260
2,284,055
Other receivables
Amount owing by a subsidiary
-
-
333,498
275
Other receivables
255,692
25,244
39,774
25,244
255,692
25,244
373,272
25,519
Loans and receivables
6,114,542
2,472,814
6,133,532
2,309,574
Deposits and prepayments
Deposits
276,017
1,643,095
253,302
1,624,660
Prepayments
589,943
638,470
563,732
632,542
865,960
2,281,565
817,034
2,257,202
6,980,502
4,754,379
6,950,566
4,566,776
6,980,502
4,754,379
9,039,820
6,746,846
(a) Trade receivables are non-interest bearing and the normal trade credit terms granted by the Group
and the Company range from 60 to 90 days (2013: 60 to 90 days) from the date of invoice. They are
recognised at their original invoice amounts which represent their fair values on initial recognition.
(b) The non-current amount owing by a subsidiary represents loans which are unsecured, interest-free
and have fixed repayment terms ranging from five (5) to nine (9) years, which are payable in cash
and cash equivalents.
The current amount owing by a subsidiary represents expenses paid on behalf which are unsecured,
interest-free and payable in cash and cash equivalents.
(c) The currency exposure profile of trade and other receivables is as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Ringgit Malaysia
5,920,327
2,395,856
8,028,571
4,412,686
Singapore Dollar
194,215
-
194,215
-
United States Dollar
-
76,958
-
76,958
6,114,542
2,472,814
8,222,786
4,489,644
