ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 103 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 13. TRADE AND OTHER RECEIVABLES Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Trade receivables Trade receivables 57,422 33,976 - - Retention sum - 352 - - Less: Impairment losses (16,858) (17,202) - - 40,564 17,126 - - Other receivables and deposits Amounts due from subsidiaries - - 40,871 60,182 Amount due from an associate 2,395 619 - - Other receivables 29,862 5,832 5,323 181 Deposits 2,248 537 146 143 34,505 6,988 46,340 60,506 Less: Impairment losses (2,241) - - - 32,264 6,988 46,340 60,506 Total receivables, net of prepayments 72,828 24,114 46,340 60,506 Prepayments 568 9,767 151 846 73,396 33,881 46,491 61,352 a. Trade and other receivables (excluding prepayments) are classified as financial assets measured at amortised cost. b. Trade receivables are non-interest bearing and the normal trade credit terms granted by the Group and the Company range from 30 to 60 days (2019: 30 to 60 days). They are recognised at their original invoice amounts which represent their fair values on initial recognition. c. The amounts due from subsidiaries represent advances and payments on behalf, which bear interest at 6% - 12% (2019: 6.41%) per annum and payable within next twelve months in cash and cash equivalents. The amount due from an associate represent advances and payments on behalf, which are interest free and payable within next twelve month in cash and cash equivalents. d. The currency exposure profile of receivables (exclude prepayments) are as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Ringgit Malaysia 59,992 9,602 27,263 8,122 US Dollar 11,417 8,255 10,302 - British Pound 33 4,788 8,775 52,384 Australian Dollar 1,386 1,469 - - 72,828 24,114 46,340 60,506 e. Impairment for trade receivables are recognised based on the simplified approach using the lifetime expected credit losses.