173
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
(i)
Credit risk (continued)
Exposure to credit risk
At the end of each reporting period, the maximum exposure of the Group and of the Company to credit risk is represented by the
carrying amount of each class of financial assets recognised in the statements of financial position.
Credit risk concentration profile
The Group determines concentration of credit risk by monitoring the country and industry sector profiles of its trade receivables on
an ongoing basis. The credit risk concentration profile of the trade receivables of the Group at the end of each reporting period are as
follows:
Group
2016
2015
RM’000
% of
total
RM’000
% of
total
By country
Malaysia
44,779
58
55,408
61
Singapore
15,003
20
19,776
22
Indonesia
6,758
9
4,215
5
Vietnam
8,675
12
10,542
12
Others
1,110
1
721
#
76,325
100
90,662
100
By industry sectors
Retailing
76,049
100
90,466
100
Manufacturing
131
#
24
#
Investment and property development
145
#
172
#
76,325
100
90,662
100
# Amount is less than 1%
At the end of each reporting period, there was no significant concentration of credit risk for the Company other than amounts owing
by subsidiaries, net of impairment to the Company of RM83,781,000 (2015: RM75,585,000).
Financial assets that are neither past due nor impaired
Information regarding trade and other receivables that are neither past due nor impaired is disclosed in Note 15 to the financial
statements. Deposits with licensed banks that are neither past due nor impaired are placed with reputable financial institutions with
no history of default.
Financial assets that are either past due or impaired
Information regarding financial assets that are either past due or impaired is disclosed in Note 15 to the financial statements.
