328 / 396
18. Receivables and prepayments (cont’d.)
(iii) Trade receivables that are impaired (cont’d.)
Movements on the allowance for impairment of trade receivables are as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
At 1 January
33,958
37,399
33,958
37,160
Utilised
(2,348)
(404)
(453)
(165)
Reversal/(impairment) (Note 6)
16,229
(3,037)
(165)
(3,037)
At 31 December
47,839
33,958
33,340
33,958
The other classes within trade and other receivables do not contain impaired assets.
Deposits of the Group and Company at the balance sheet date are with a number of external parties for which there is no
expectation of default.
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables mentioned above.
The currency profile of receivables and deposits (excluding prepayments) is as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Ringgit Malaysia
307,090
168,221
274,032
148,316
US Dollar
290,045
611,359
631,232
531,638
Others
983,863
24,501
457,436
20,670
1,580,998
804,081
1,362,700
700,624
Prepayments include advances for purchases of fuel and prepaid engine maintenance to the service provider.
19. Deposits on aircraft purchase
Deposits on aircraft purchases represent refundable deposits paid for aircraft to be delivered to the Company. These deposits are
denominated in US Dollars.
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
314