Maxis Berhad
Annual Report 2015
page
126
Notes to the Financial Statements
31 December 2015
21 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONTINUED)
(a) Trade receivables (continued)
Other than the above, the Group’s credit policy provides trade receivables with credit periods of up to 60 days (2014: up to 60 days). The
Group has no significant exposure to any individual customer, geographical location or industry category. Significant credit and recovery
risks associated with receivables have been provided for in the financial statements.
Given the varied nature of the Group’s customer base, the following analysis of trade receivables by type of customer is considered the most
appropriate disclosure of credit concentrations.
Group
2015
RM’000
2014
RM’000
Subscribers:
- individual
424,787
308,484
- corporate
161,052
139,753
Interconnect and roaming:
- domestic
105,409
86,700
- international
55,941
32,139
Distributors
37,911
57,807
785,100
624,883
Trade receivables are secured by subscribers’ deposits and bank guarantees of RM35,160,000 (2014: RM32,137,000) and RM37,950,000
(2014: RM50,950,000) respectively.
The ageing analysis of the Group’s gross trade receivables is as follows:
Group
2015
RM’000
2014
RM’000
Neither past due nor impaired
642,645
475,289
1 to 90 days past due not impaired
6,255
9,340
91 to 180 days past due not impaired
2,017
637
More than 180 days past due not impaired
227
220
651,144
485,486
Impaired
(1)
:
- collectively
105,938
105,094
- individually
(2)
28,018
34,303
133,956
139,397
785,100
624,883
Notes:
(1)
Represents gross trade receivables which have been either partially or fully impaired.
(2)
Individually impaired due to default in payment terms.
