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238
Gamuda Berhad (29579-T) • Annual Report 2012
44. Financial risk management objectives and policies (cont’d.)
(a)
Credit risk (cont’d.)
Exposure to credit risk
At the reporting date, the Group’s and the Company’s maximum exposure to credit risk is represented by the
carrying amount of each class of financial assets recognised in the statements of financial position.
Information regarding credit enhancements for trade and other receivables is disclosed in Note 23.
Credit risk concentration profile
The Group determines concentrations of credit risk by monitoring the country and industry sector profile of its
trade receivables on an ongoing basis. The credit risk concentration profile of the Group’s trade receivables at
the reporting date are as follows:
Group
2012
2011
RM’000
% of total
RM’000
% of total
By country:
Malaysia
758,489
92%
762,128
86%
Middle East
53,637
7%
113,877
13%
Vietnam
7,953
1%
7,833
1%
820,079
100%
883,838
100%
By industry sectors:
Engineering and construction
586,780
72%
639,406
73%
Property development and club operations
133,121
16%
82,477
9%
Water and expressway concessions
100,178
12%
161,955
18%
820,079
100%
883,838
100%
For the purpose of the above analysis, the following are included:
Group
2012
2011
RM’000
RM’000
Trade receivables
671,128
655,667
Amount due from associated companies - trade
142,761
207,930
Amount due from joint venture partners - trade
6,190
20,241
820,079
883,838
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012