Al-`Aqar Healthcare REIT Annual Report 2019

Al-`Aqar Healthcare REIT 06 FINANCIAL STATEMENT 143 13. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES The Group The Fund 2019 2018 2019 2018 RM RM RM RM Trade receivables 13,267,472 2,246,142 4,838,597 1,216,283 Trade receivables comprise rental receivable from lessees. The credit period granted by the Group and the Fund on rental receivable from lessees ranges from 30 to 60 days (2018: 30 to 60 days). The ageing analysis of the Group’s and of the Fund’s trade receivables is as follows: The Group The Fund 2019 2018 2019 2018 RM RM RM RM 0 - 30 days 3,230,724 1,798,072 2,178,899 768,213 31 - 60 days 1,948,878 448,070 884,450 448,070 61 - 90 days 1,812,923 - 761,356 - More than 90 days 6,274,947 - 1,013,892 - 13,267,472 2,246,142 4,838,597 1,216,283 The Group and the Fund estimate the loss allowance on trade receivables at the end of the reporting period at an amount equal to lifetime expected credit losses. Included in the Group’s and the Fund’s trade receivables are debtors with carrying amount of RM8,087,870 and RM1,775,248 respectively (2018: RMNIL and RMNIL respectively) which are past due at the end of the reporting period for which no impairment had been provided. The Manager considers that no trade receivables is impaired as there has not been a significant change in credit quality and taking into account the historical default experience and the future prospects of the industries in which the trade receivables operate, together with the value of rental deposits held over these trade receivables as disclosed in Note 15. The Manager combines 2 of the trade receivable aging buckets (i.e. “0 - 30 days” and “31 - 60 days”) in determining the probability of default. This is because the Group’s and Fund’s collection trend is approximately 60 days after the invoice due date. The currency exposure profile of the trade receivables of the Group and of the Fund are as follows: The Group The Fund 2019 2018 2019 2018 RM RM RM RM Ringgit Malaysia 4,838,597 1,216,283 4,838,597 1,216,283 Australian Dollar 8,428,875 1,029,859 - - 13,267,472 2,246,142 4,838,597 1,216,283 Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued)