QL Resources Berhad (428915-X)
120
28. Financial instruments (Cont’d)
28.4 Credit risk (Cont’d)
Receivables (Cont’d)
Exposure to credit risk, credit quality and collateral
As at the end of the reporting period, the maximum exposure to credit risk arising from receivables is represented
by the carrying amounts in the statements of financial position.
Management has taken reasonable steps to ensure that receivables that are neither past due nor impaired are
measured at their realisable values. A significant portion of these receivables are regular customers that have
been transacting with the Group. The Group uses ageing analysis to monitor the credit quality of the receivables.
Impairment losses
The ageing of receivables net of advances to suppliers as at the end of the reporting period was:
Individual
Gross impairment Net
RM’000 RM’000 RM’000
Group
2016
Not past due 206,352 - 206,352
Past due 1-120 days 86,217 (68) 86,149
Past due more than 120 days 28,962 (8,774) 20,188
321,531 (8,842) 312,689
2015
Not past due 166,303 - 166,303
Past due 1-120 days 94,399 (562) 93,837
Past due more than 120 days 22,116 (7,627) 14,489
282,818 (8,189) 274,629
The movements in the allowance for impairment losses of receivables during the financial year were:
Group
2016 2015
RM’000 RM’000
At 1 April 2015/2014 8,189 8,029
Impairment loss recognised 1,395 1,517
Impairment loss reversed (592) (489)
Impairment loss written off (150) (868)
At 31 March 8,842 8,189
Notes to the Financial Statements
(Cont’d.)
