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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
223
33. 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
RM’000
RM’000
0-3
months
RM’000
3-6
months
RM’000
6-12
months
RM’000
Over 12
months
RM’000
RM’000
2016
568,931
12,262
491,306
118,441
37,870
167,350
1,396,160
2015
438,580
49,556
354,129
97,891
56,555
117,199
1,113,910
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 (2015: 5 to 90 days).
34. DEPOSITS, CASH AND BANK BALANCES
Group
Company
Note
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Deposits with licensed banks
2,469,770
2,564,105
-
-
Deposits under Islamic principles
431,086
1,295,000
201,085
245,000
Total deposits
2,900,856
3,859,105
201,085
245,000
Cash and bank balances
2,431,558
1,651,587
531,716
76,314
Total deposits, cash and bank balances
5,332,414
5,510,692
732,801
321,314
Less:
Deposits pledged
16(a)
(29,775)
(17,655)
-
-
Deposit in Escrow Account
(63,721)
(92,033)
-
-
Deposit on investment in a subsidiary of the Group
(320,717)
(64,380)
(269,160)
-
Deposits maturing more than three (3) months
(206,712)
(686,051)
-
-
Bank overdrafts
16
(62,067)
(89,908)
-
-
Total cash and cash equivalents at the end of the
financial year
4,649,422
4,560,665
463,641
321,314
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 2016
Overnight
365
91
Financial year ended 31 December 2015
Overnight
366
92