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15. Trade and Other Receivables
Group
Company
2013
2012
2013
2012
RM’000
RM’000
RM’000
RM’000
Trade receivables
322,904
304,054
–
–
Other receivables
58,493
62,999
5
8
Deposits
60,483
57,638
–
–
Prepayments
263,859
211,129
4
5
705,739
635,820
9
13
Allowance for impairment on trade receivables
(8,534)
(14,572)
–
–
697,205
621,248
9
13
The Group’s trade receivables are non-interest bearing, and are subject to normal trade credit terms ranging from 30 to 45
days (2012: 30 to 45 days). They are recognised at their original invoice amounts which represent their fair value on initial
recognition.
As at 31 December, the ageing analysis of trade receivables net of allowance for impairment and bad debts written off, is as
follows:
Group
2013
2012
RM’000
RM’000
Trade receivables:
- Neither past due nor impaired
250,046
203,594
- One to 30 days past due not impaired
32,230
55,403
- 31 to 60 days past due not impaired
14,631
14,922
- 61 to 90 days past due not impaired
3,574
2,097
- 91 to 180 days past due not impaired
8,044
2,107
- More than 181 days past due not impaired
5,845
11,359
314,370
289,482
Trade receivables that are neither past due nor impaired, representing 80% (2012: 70%) of the Group’s total net trade
receivables, are creditworthy debtors with good payment records with the Group. None of the Group’s trade receivables that are
neither past due nor impaired have been renegotiated during the financial year.
At the reporting date, 20% (2012: 30%) of the Group’s trade receivables were past due but not impaired. These relate mostly
to corporate customers with slower repayment patterns, for whom there is no history of default.
NOTES TO THE FINANCIAL STATEMENTS
31 December 2013
DiGi.COM BERHAD (425190-X)
ANNUAL REPORT 2013
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