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15. Trade and Other Receivables (cont’d.)
The Group’s trade receivables that are impaired at the reporting date and the movement of the Group’s allowance for impairment
on trade receivables are as follows:
Individually Collectively
impaired
impaired
Total
RM’000
RM’000
RM’000
At 1 January 2012
–
14,260
14,260
Charge for the year (Note 7)
37,519
312
37,831
Write-offs
(37,519)
–
(37,519)
At 31 December 2012
–
14,572
14,572
Charge for the year (Note 7)
26,501
–
26,501
Write-offs
(26,501)
(6,038)
(32,539)
At 31 December 2013
–
8,534
8,534
The Group’s trade receivables that are individually determined to be impaired at the reporting date relate to debtors that have
defaulted on payments in excess of two months. These receivables are not secured by any collateral or credit enhancements.
At 31 December 2013, the Group’s trade receivables balance included exposure to foreign currency denominated in United
States Dollar (“USD”) and Special Drawing Rights (“SDR”) amounting to RM9.6 million (2012: RM3.1 million) and RM13.7
million (2012: RM18.4 million) respectively.
16. Derivative Financial Instruments
Gain/(loss)
arising from
Contract value in
Notional
fair value
foreign currency
value
Fair value
changes
USD’000
RM’000
RM’000
RM’000
Non-hedging derivatives
Current
Foreign currency forward contracts:
- 2013
19,000
61,490
62,301
811
- 2012
24,280
74,515
74,364
(151)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2013
DiGi.COM BERHAD (425190-X)
ANNUAL REPORT 2013
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