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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
16. INVENTORIES
The Group
2016
2015
RM
RM
Raw materials
4,486,336
5,198,968
Work-in-progress
3,275,442
5,128,338
Finished goods
3,214,349
1,466,141
10,976,127
11,793,447
Recognised in profit or loss:
Inventories recognised as cost of sales
26,556,170
29,167,279
Amount written down to net realisable value
-
52,272
Inventories written off
492,724
146,823
17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES
Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods. The
credit periods granted to the customers range from 30 to 90 days (2015: 30 to 90 days).
The Group
2016
2015
RM
RM
Trade receivables
98,070,241
88,919,276
Allowance for impairment losses
(1,923,650)
(1,889,657)
96,146,591
87,029,619
Movement in allowance for impairment losses on trade receivables is as follows:
The Group
2016
2015
RM
RM
At 1 January
1,889,657
2,656,253
Allowance for impairment losses
133,461
294,518
Write-back of allowance for impairment losses
(1,196)
(717,433)
Written off as bad debts
(153,974)
(456,765)
Exchange difference
55,702
113,084
At 31 December
1,923,650
1,889,657
Notes To The Financial Statements
(cont’d)