Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (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 5 81 13. TRADE AND OTHER RECEIVABLES (continued) (d) The ageing analysis of trade receivables of the Group and of the Company are as follows (continued): Receivables that are past due and impaired Trade receivables of the Group and the Company that are past due and impaired at the end of the reporting period are as follows: Group and Company Individually impaired 2015 2014 RM RM Trade receivables, gross 49,600 49,600 Less: Impairment loss (49,600) (49,600) - - (e) The reconciliation of movement in the impairment loss are as follows: Group and Company 2015 2014 RM RM Trade receivables At 1 January/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 AND SHORT TERM FUNDS Group Company 2015 2014 2015 2014 RM RM RM RM Cash in hand 21,240 28,320 20,240 27,320 Cash at banks 9,201,064 8,852,478 8,739,534 7,862,106 Deposits with licensed banks 216,149 175,284 216,149 175,284 9,438,453 9,056,082 8,975,923 8,064,710 Short term funds At fair value through profit or loss - Investments in fixed income trust funds in Malaysia 10,263,373 11,491,029 9,607,270 11,491,029 19,701,826 20,547,111 18,583,193 19,555,739