Page 160 - S P Setia Annual Report 2016
P. 160

158   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          14.   OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D.)

              The refundable deposits and part purchase considerations were paid for the acquisition of development lands that have not been
              completed as at end of financial year/period. The balance of these purchase considerations is disclosed as other commitments in
              Note 38(b) below.

              The movements in the allowance for impairment losses of other receivables during the financial year/period are as follows:
          :
                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               At beginning of the year/period                                                   3,504          2,797
               Allowance for impairment loss during the year/period                                  -           719
               Reversal of allowance for impairment loss during the year/period                      -            (12)
               Write off during the year/period                                                   (404)            -
               At end of the year/period                                                         3,100          3,504

              The currency exposure profile of other receivables, deposits and prepayments after allowance for impairment losses is as follows:

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000

               Malaysian Ringgit                                   185,123        180,225        1,480          5,945
               Australian Dollar                                    39,240         48,557            -             -
               Vietnamese Dong                                       2,091           800             -             -
               Singapore Dollar                                        654           460             -             -
               United States Dollar                                      8            14             -             -
               Hong Kong Dollar                                          4             -             -             -
                                                                   227,120       230,056         1,480          5,945



         15.   TRADE RECEIVABLES

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Gross progress billings receivable                                              501,204        398,016
               Gross retention sums receivable                                                  170,869       185,781
               Other gross receivables                                                           19,297        21,859
               Total gross receivables                                                          691,370       605,656
               Allowance for doubtful debts                                                      (1,092)         (689)
                                                                                               690,278        604,967
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