MKH Annual Report 2019

177 M K H B e r h a d 18. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (d) Trade receivables (Cont’d) Receivables that are impaired (Cont’d) Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that are in significant financial difficulties and have defaulted on payment. These receivables are not secured by any collateral or credit enhancements. The Group always measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (“ECLs”). The ECLs on trade receivables are estimated by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date. There has been no change in the estimation techniques or significant assumptions made during the current reporting period. (iii) Included in trade receivables of the Group are: (a) retention sums amounting to RM47,508,022 (30.9.2018: RM61,444,985; 1.10.2017: RM71,415,710) held by stakeholders; (b) amount of RM130,225 (30.9.2018: RM149,495 and 1.10.2017: RMNil) due from key management personnel of the Group in respect of purchase of development properties of the Group which include retention sum of RM43,525 (30.9.2018: RM43,525; 1.10.2017: RMNil) held by stakeholders; (c) amount of RMNil (30.9.2018: RMNil; 1.10.2017: RM387,504) due from a corporate shareholder of a subsidiary in respect of purchase of development properties of the said subsidiary; (d) amount of RMNil (30.9.2018: RM6,200; 1.10.2017: RMNil) due from a corporate in which a director of the Company has substantial interest in respect of purchase of development properties of the Group which include retention sum of RMNil (30.9.2018: RM6,200; 1.10.2017: RMNil) held by stakeholders; (e) amount of RMNil (30.9.2018: RM10,075; 1.10.2017: RM20,150) due from a director of the Company in respect of purchase of development properties of the Group which represent retention sum of RMNil (30.9.2018: RM10,075; 1.10.2017: RM20,150) held by stakeholders; (f) amount of RM79,550 (30.9.2018: RM256,080; 1.10.2017: RM73,725) due from a person connected to certain directors of the Company in respect of purchase of development properties of the Group which include retention sum of RM79,550 (30.9.2018: RM79,550; 1.10.2017: RM73,725) held by stakeholders; and NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019