axiata group berhad | annual report 2015
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32. TRADE AND OTHER RECEIVABLES (CONTINUED)
Trade receivables which are due as at the end of the reporting period are as follows:
Not past due
Past due
Total
Specifically
impaired
Not specifically impaired
0-3
3-6
6-12
Over 12
months
months
months
months
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
2015
438,580
49,556
354,129
97,891
56,555
117,199
1,113,910
2014
382,392
44,040
296,835
84,496
39,445
91,331
938,539
The Group is not exposed to major concentration of credit risk due to the diverse customer base. In addition, credit risk is mitigated to a certain extent
by cash deposits and bankers’ guarantee obtained from customers. The Group considers the accumulated impairment losses of trade receivables at
the end of the reporting period to be adequate to cover the potential financial loss.
Credit terms of trade receivables for the Group range from 5 to 90 days (2014: 5 to 90 days).
33. DEPOSITS, CASH AND BANK BALANCES
Group
Company
Note
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Deposits with licensed banks
2,564,105
2,141,254
-
70,001
Deposits under Islamic principles
1,295,000
1,559,771
245,000
55,239
Total deposits
3,859,105
3,701,025
245,000
125,240
Cash and bank balances
1,651,587
1,414,545
76,314
47,323
Total deposits, cash and bank balances
5,510,692
5,115,570
321,314
172,563
Less:
Deposits pledged
16(a)
(17,655)
(12,689)
-
-
Deposit in Escrow Account
(92,033)
(13,496)
-
-
Deposit on investment in a subsidiary
(64,380)
(52,478)
-
-
Deposits maturing more than three (3) months
(686,051)
(115,264)
-
-
Bank overdrafts
16
(89,908)
(54,404)
-
-
Total cash and cash equivalents at the end of the
financial year
4,560,665
4,867,239
321,314
172,563
The deposits are placed mainly with a number of creditworthy financial institutions. There is no major concentration of deposits in any single financial
institution. Maturity range of deposits is as follows:
(In days)
From
Group
To
Company
To
Financial year ended 31 December 2015
Overnight
366
92
Financial year ended 31 December 2014
Overnight
365
213
