DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 16. Trade Receivables Group 2019 2018 RM RM (Restated) Trade receivables 256,470,647 268,714,820 Less: Accumulated impairment losses (45,667,907) (4,637,910) 210,802,740 264,076,910 The Group’s normal trade credit terms range from 30 to 90 days (2018: 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 2019 2018 RM RM (Restated) At 1 January 4,637,910 4,041,262 Effect of adopting MFRS 9 - 1,271,536 Impairment loss recognised 42,468,364 1,328,069 Impairment loss reversed (1,311,522) (18,868) Amount written off (126,845) (1,984,089) At 31 December 45,667,907 4,637,910 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 against the receivable directly. 06 FINANCIAL STATEMENTS DESTINI BERHAD 158