327 / 396
18. Receivables and prepayments (cont’d.)
Credit terms of trade receivables range from 30 to 60 days (2016: 30 to 60 days).
* Included in non-current other receivables is a receivable of IDR1,327 billion (equivalent to RM426,113,000) arising from the
disposal of perpetual capital security which is repayable over 10 years.
Amounts due from associates and subsidiary companies relating to aircraft maintenance are unbilled and comprise non-current and
current portions respectively of RM35,982,000 and RM26,267,000 for the Group and RM107,457,000 and RM74,479,000 for the
Company (2016: non-current of RM131,687,000 and current of RM49,706,000 for the Group and Company).
(i) Trade receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired amounted to RM34,093,000 and RM19,396,000 (2016: RM32,454,000
and RM13,517,000) for the Group and Company respectively. These are substantially companies with good collection track
records with the Group and Company.
(ii) Trade receivables that are past due but not impaired
Trade receivables that are past due but not impaired amounted to RM161,724,000 and RM48,005,000 (2016: RM75,452,000
and RM70,913,000) for the Group and Company. These relate to a number of independent customers where debts are either
secured by bank guarantees or have no recent history of default. The ageing analysis of these receivables that are past due
but not impaired is as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
1 to 90 days
73,535
35,962
50,575
32,010
91 to 120 days
31,574
5,699
22,625
5,651
121 to 180 days
(23,044)
5,627
(17,489)
5,577
181 to 365 days
20,859
9,518
(2,290)
9,036
Over 365 days
58,800
18,646
(5,416)
18,639
161,724
75,452
48,005
70,913
(iii) Trade receivables that are impaired
The carrying amount of trade receivables individually determined to be impaired are as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
121 to 180 days
676
–
676
–
181 to 365 days
6,106
–
6,106
–
Over 365 days
41,057
33,958
26,558
33,958
Less: Allowance for impairment
(47,839)
(33,958)
(33,340)
(33,958)
–
–
–
–
The individually impaired trade receivables are mainly related to disputed balances with customers or balances for which
management is of the view that the amounts may not be recoverable.
[ ]
313
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS