MKH Annual Report 2019

176 A N N U A L R E P O R T 2 0 1 9 18. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (d) Trade receivables (i) The Group’s normal trade credit term ranges from 7 to 90 days (30.9.2018 and 1.10.2017: 7 to 90 days). (ii) The ageing analysis of the Group’s trade receivables is as follows: The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Neither past due nor impaired 105,624,308 166,700,611 147,235,616 1 to 30 days past due not impaired 12,591,096 9,371,488 9,649,393 31 to 60 days past due not impaired 6,916,293 4,396,999 3,224,736 61 to 90 days past due not impaired 869,024 1,651,926 775,930 More than 90 days past due not impaired 1,791,798 7,030,380 2,049,863 22,168,211 22,450,793 15,699,922 Past due and impaired 1,053,868 825,130 915,545 128,846,387 189,976,534 163,851,083 Receivables that are neither past due nor impaired Trade receivables that are neither past due nor impaired comprise property purchasers mostly are with end financing facilities from reputable end-financiers whilst the others are creditworthy customers with good payment records. None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year. Receivables that are past due but not impaired Trade receivables of the Group amounting to RM22,168,211 (30.9.2018: RM22,450,793; 1.10.2017: RM15,699,922) which are past due but not impaired because there have been no significant changes in credit quality of the debtors and the amounts are still considered recoverable. The Group does not hold any collateral or other credit enhancements over these balances. Receivables that are impaired The movement of allowance accounts used to record the impairment is as follows: The Group 30.9.2019 30.9.2018 RM RM At beginning of year 825,130 915,545 Addition 626,174 77,374 No longer required (250,778) (25,662) Written off (146,658) (142,127) At end of year 1,053,868 825,130 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019