DESTINI Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS 15. Trade Receivables Group 2018 2017 RM RM (Restated) Trade receivables 268,714,820 344,670,381 Less: Accumulated impairment losses (4,637,910) (4,041,262) 264,076,910 340,629,119 The Group’s normal trade credit terms range from 30 to 90 days (2017: 30 to 90 days). Other credit terms are assessed and approved on a case by case basis. Movements in allowance for impairment loss are as follows: Group 2018 2017 RM RM (Restated) At 1 January 4,041,262 2,892,042 Effect of adopting MFRS 9 1,271,536 - Impairment loss recognised 1,328,069 1,449,131 Impairment loss reversed (18,868) - Amount written off (1,984,089) (299,911) At 31 December 4,637,910 4,041,262 The loss allowance account in respect of trade receivables is used to record loss allowance. Unless the Group and the Company are satisfied that recovery of the amount is possible, the amount considered irrecoverable is written off DESTINI BERHAD ANNUAL REPORT 2018 162