Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 83 Notes to the Financial Statements 31 December 2016 (cont’d) 12. TRADE AND OTHER RECEIVABLES (cont’d) (e) The reconciliation of movement in the impairment loss are as follows: Group and Company 2016 2015 RM RM Trade receivables At 1 January 49,600 49,600 Charged during the year 16,117 - Written off during the year (49,600) - At 31 December 16,117 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 32 to the financial statements. 13. INVENTORIES Group and Company 2016 2015 RM RM Replacement parts - At cost 26,349 79,497 During the financial year, inventories of the Group and the Company recognised as cost of sales amounted to RM444,811 (2015: RM689,939). 14. CASH AND BANK BALANCES AND SHORT TERM FUNDS Group Company 2016 2015 2016 2015 RM RM RM RM Cash in hand 16,995 21,240 15,995 20,240 Cash at banks 6,702,103 9,201,064 6,589,489 8,739,534 Deposits with licensed banks 727,135 216,149 727,135 216,149 7,446,233 9,438,453 7,332,619 8,975,923 Short term funds At fair value through profit or loss - Investments in fixed income trust funds in Malaysia 15,882,729 10,263,373 15,882,729 9,607,270 23,328,962 19,701,826 23,215,348 18,583,193