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
79
13. TRADE AND OTHER RECEIVABLES (cont’d)
(e) The reconciliation of movement in the impairment loss are as follows:
Group and Company
2014
2013
RM
RM
Trade receivables
At 1 January
49,600
40,149
Charge for the financial year (Note 25)
-
49,600
Reversal of impairment loss (Note 25)
-
(40,149)
At 31 December
49,600
49,600
Trade receivables that are individually determined to be impaired at the end of the reporting period
relate to those debtors that exhibit significant financial difficulties and have defaulted on payments.
These receivables are not secured by any collateral or credit enhancements.
(f) Information on financial risks of trade and other receivables is disclosed in Note 33 to the financial
statements.
14. CASH AND BANK BALANCES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Short term funds
- Investments in fixed income trust
funds in Malaysia
11,491,029
22,500,766
11,491,029
22,500,766
Cash in hand
28,320
13,230
27,320
12,230
Cash at banks
8,852,478
1,118,565
7,862,106
943,532
Deposits with licensed banks
175,284
411,278
175,284
411,278
20,547,111
24,043,839
19,555,739
23,867,806
Investments in fixed income trust funds in Malaysia represent investments in highly liquid money market
instruments, which are readily convertible to known amounts of cash and are subject to an insignificant risk
of changes in value.
(a) Information on financial risks of cash and bank balances is disclosed in Note 33 to the financial
statements.
(b) The currency exposure profile of cash and bank balances is as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Ringgit Malaysia
20,230,248
23,611,040
19,238,876
23,435,007
Singapore Dollar
14,606
1,022
14,606
1,022
New Taiwan Dollar
2,549
2,645
2,549
2,645
United States Dollar
299,708
429,132
299,708
429,132
20,547,111
24,043,839
19,555,739
23,867,806
