EXCEL FORCE MSC BERHAD Annual Report 2017

85 10. Trade Receivables (cont’d) Movements in the allowance for impairment losses of trade receivables are as follows: Group 2017 2016 RM RM At 1 January 16,117 49,600 Impairment losses recognised 12,208 16,117 Amount written off (16,117) (49,600) At 31 December 12,208 16,117 Analysis of the trade receivables ageing as at the end of the reporting period is as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Neither past due nor impaired 2,692,646 3,025,580 2,442,221 2,867,035 Past due but not impaired Less than 30 days 305,757 61,415 271,413 56,009 31 to 60 days 19,981 84,032 - 84,032 61 to 90 days 35,616 12,635 6,678 12,635 More than 90 days 96,120 99,319 12,359 38,915 457,474 257,401 290,450 191,591 3,150,120 3,282,981 2,732,671 3,058,626 Impaired 12,208 16,117 - - 3,162,328 3,299,098 2,732,671 3,058,626 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. As at 31 December 2017, 85% (2016: 92%) and 89% (2016: 94%) of the trade receivables of the Group and of the Company respectively have never defaulted. These customers maintain a long working relationship with the Group. As at 31 December 2017, the Group’s and the Company’s trade receivables of RM457,474 (2016: RM257,401) and RM290,450 (2016: RM191,591) were past due but not impaired. These mainly arose from active corporate clients with healthy business relationship, in which the management is of the view that the amount are recoverable based on past payment history. The trade receivables that are past due but not impaired are unsecured in nature. Trade receivables of the Group that are individually assessed to be impaired amounting to RM12,208 (2016: RM16,117), related to customers that are in financial difficulties. These balances are expected to be recovered through the debts recovery process. At the end of the reporting period, the Group and the Company have 5 (2016: 5) customers that owed to the Group and the Company for approximately 59% (2016: 47%) and 68% (2016: 30%) respectively of all the receivables outstanding. Notes To The Financial Statements 31 December 2017 (cont’d)