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155

notes to the

financial statements

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (cont’d)

27 RECEIVABLES (continued)

Advances given to subsidiaries amounting to RM94 million are unsecured, bearing effective weighted average interest rate of 2.85% per annum and shall be repaid within 7 years.

Credit terms of trade receivables range from 0 to 60 days (2009: 0 to 45 days)

As of 31 December 2010, trade receivables of RM162,833,000 is neither past due nor impaired and RM47,038,000 were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of default. The ageing analysis of these trade receivables is as follows:

2010 RM’000

Up to 3 months 22,027

3-6 months 14,003

6-12 months 11,008

47,038

As of 31 December 2010, trade receivables of RM17,503,000 were impaired and provided for. The amount of the provision was RM17,503,000 as of 31 December 2010.

The currency exposure profle of the receivables and deposits (excluding prepayments) are as follows:

Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000

Ringgit Malaysia 278,114 210,591 31,953 542,922 Singapore Dollar 923 2,358 0 0 Indonesian Rupiah 1,896 0 0 0

280,933 212,949 31,953 542,922

The other classes within trade and other receivables do not contain impaired assets.

The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above. The Group does not hold any collateral as security.

28 DEPOSITS, CASH AND BANK BALANCES

Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000

Deposits with licensed banks 74,622 37,687 0 0 Cash and bank balances 122,496 106,177 13,593 10,191

197,118 143,864 13,593 10,191

Bank balances are deposits held at call with licensed banks and do not earn interest.