EXCEL FORCE MSC BERHAD Annual Report 2018

90 ANNUAL REPORT 2018 11. Trade Receivables (cont’d) The aged analysis of trade receivables as at the end of the reporting period are as follows: (Cont’d) Gross Loss Net amount allowance amount RM RM RM Company 2017 Neither past due nor impaired 2,442,221 - 2,442,221 Past due but not impaired Less than 30 days 271,413 - 271,413 More than 60 days 19,037 - 19,037 290,450 - 290,450 2,732,671 - 2,732,671 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 2018, 64% (2017: 85%) and 64% (2017: 89%) 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 2018, the Group’s and the Company’s trade receivables of RM1,820,924 (2017: RM457,474) and RM1,793,846 (2017: RM290,450) were past due but not impaired. These mainly arose from active corporate clients with healthy business relationship but slower repayment records, 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. The trade receivables of the Group that are individually assessed to be impaired amounting to RM29,931 (2017: RM12,208), relate to customers that are in financial difficulties, have defaulted on payments. 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 4 (2017: 5) customers that owed to the Group and the Company for approximately 55% (2017: 59%) and 57% (2017: 68%) respectively of all the receivables outstanding. 12. Other Receivables Group Company 2018 2017 2018 2017 RM RM RM RM Other receivables 86,742 93,137 74,511 79,287 Deposits 250,722 324,075 250,722 324,075 Prepayments 1,075,691 2,104,986 1,062,917 2,094,185 GST receivable - - 5,086 - 1,413,155 2,522,198 1,393,236 2,497,547 Notes To The Financial Statements 31 December 2018 (cont’d)