Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 82 Notes to the Financial Statements 31 December 2016 (cont’d) 12. TRADE AND OTHER RECEIVABLES (cont’d) (d) The ageing analysis of trade receivables of the Group and of the Company are as follows: Group Company 2016 2015 2016 2015 RM RM RM RM Neither past due nor impaired 3,025,580 4,190,554 2,867,035 3,880,615 Past due, not impaired 91 to 120 days 61,415 720,102 56,009 713,742 121 to 150 days 84,032 203,112 84,032 203,112 151 to 180 days 12,635 202,664 12,635 202,664 181 to 210 days 36,692 106,738 13,054 74,938 More than 211 days 62,627 1,790,493 25,861 1,771,305 257,401 3,023,109 191,591 2,965,761 Past due and impaired 16,117 49,600 - 49,600 3,299,098 7,263,263 3,058,626 6,895,976 Receivables that are neither past due nor impaired Trade receivables of the Group and of the Company that are neither past due nor impaired are creditworthy debtors with good payment records with the Group and the Company. Trade receivables of the Group of 92% (2015: 58%) and of the Company of 94% (2015: 56%) have never defaulted. These customers maintain a long working relationship with the Group. Receivables that are past due but not impaired The Group and the Company have trade receivables amounting to RM257,401 (2015: RM3,023,109) and RM191,591 (2015: RM2,965,761) respectively that are past due at the end of the reporting period but not impaired. Trade receivables that are past due but not impaired mainly arose from active corporate clients with healthy business relationship, in which the management is of the view that the amounts are recoverable based on past payment history. The trade receivables that are past due but not impaired are unsecured in nature. 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 2016 2015 RM RM Trade receivables, gross 16,117 49,600 Less: Impairment loss (16,117) (49,600) - -