DESTINI Annual Report 2018

against the receivable directly. Gross amount Loss allowance Net amount Group RM RM RM 2018 Neither past due nor impaired 54,129,905 (126,739) 54,003,166 Past due not impaired: Less than 30 days 2,220,648 (364,782) 1,855,866 31 to 60 days 48,464,186 (563,212) 47,900,974 104,814,739 (1,054,733) 103,760,006 Credit impaired: More than 60 days past due 161,861,776 (1,544,872) 160,316,904 Individual impaired 2,038,305 (2,038,305) - 268,714,820 (4,637,910) 264,076,910 2017 Neither past due nor impaired 154,818,840 - 154,818,840 Past due not impaired: Less than 30 days 91,276,314 - 91,276,314 31 to 60 days 53,375,362 - 53,375,362 299,470,516 - 299,470,516 Credit impaired: More than 60 days past due 41,158,603 - 41,158,603 Individual impaired 4,041,262 (4,041,262) - 344,670,381 (4,041,262) 340,629,119 Trade receivables that are neither past due nor impaired are creditworthy receivables with good payment records with the Group. As at 31 December 2018, trade receivables of RM209,947,005 (2017: RM185,810,279) were past due but not impaired. These relate to a number of independent customers from whom there is no recent history of default. The trade receivables of the Group that are individually assessed to be impaired amounting to RM2,038,305 (2017: RM4,041,262), related to customers that are in financial difficulties and have defaulted on payments. These balances are expected to be recovered through the debt recovery process. 15. Trade Receivables (Cont’d) The aged analysis of trade receivables as at the end of the reporting period: DESTINI BERHAD ANNUAL REPORT 2018 163