Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 149 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 25 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONTINUED) (b) Allowance for impairment Movement on the Group allowance for impairment of receivables and deposits is as follows: Group 2012 2011 RM’000 RM’000 As at 1 January 88,757 95,051 Charged to income statement 117,149 147,832 Reversed from income statement (20,072) (12,335) Amount written off (109,059) (141,791) As at 31 December 76,775 88,757 26 RELATED PARTIES BALANCES Group Note 31.12.2012 31.12.2011 1.1.2011 RM’000 RM’000 RM’000 Current asset: - amounts due from related parties (a) 12,929 16,428 13,792 Current liability: - amounts due to related parties (a) (25,928) (23,214) (42,944) Non-current liability: - loan from a related party (b) (38,188) (35,668) (33,205) (a) The amounts due from/(to) related parties are trade in nature, unsecured, interest free and ranging from 1 to 60 days credit period (31.12.2011: 1 to 60 days; 1.1.2011: 1 to 60 days). (b) Loan from a related party is unsecured and is denominated in RM. The principal and interest of the loan are repayable at the end of five years from the drawdown date of 9 December 2005. The loan has been extended for another five years, expiring on 9 December 2015. The outstanding interest on the loan at the extension date has been capitalised. The effective interest rate as at the reporting date is 7.60% per annum (31.12.2011: 7.60%; 1.1.2011: 7.30%).