Page 161 - S P Setia Annual Report 2016
P. 161

S P Setia Berhad Group                                                                                159
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          15.   TRADE RECEIVABLES (CONT’D.)

              The progress billings are due within 14 to 90 days (2015: 14 to 90 days) as stipulated in construction contracts and sale and purchase
              agreements. The retention sums are due upon the expiry of the defect liability period stated in the respective construction contracts or
              sale and purchase agreements. The defect liability periods range from 6 to 24 months (2015: 6 to 24 months).

              Other gross receivables are collectible within 14 to 90 days (2015: 14 to 90 days).

              Ageing analysis of the Group’s trade receivables are as follows:

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Neither past due nor impaired                                                    530,747       412,559
               1 to 30 days past due not impaired                                                94,321        57,815
               31 to 60 days past due not impaired                                               23,655        85,539
               61 to 90 days past due not impaired                                                7,942        22,245
               91 to 120 days past due not impaired                                              5,504         12,252
               More than 121 days past due not impaired                                         28,109         14,557
                                                                                               690,278        604,967
               Individually impaired                                                              1,092          689
                                                                                                691,370       605,656

              The movements in the allowance for impairment losses of trade receivables during the financial year/period are as follows:


                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               At beginning of the year/period                                                     689           694
               Allowance for impairment loss during the year/period                                403             -
               Reversal of allowance for impairment losses during the year/period                    -             (5)
               At end of the year/period                                                          1,092          689

              The currency exposure profile of trade receivables after allowance for impairment losses is as follows:


                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Malaysian Ringgit                                                               686,649        584,706
               Singapore Dollar                                                                  3,629         20,261
                                                                                               690,278        604,967
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