153
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
21 RECEIVABLES AND PREPAYMENTS (CONTINUED)
(b)
Other receivables (continued)
(iii)
Financial assets that are past due and/or impaired (continued)
Movements on the allowance for impairment of other receivables are as follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
At 1 January
1,245
693
1,245
693
Impairment (Note 6)
1,509
552
1,509
552
At 31 December
2,754
1,245
2,754
1,245
The currency profile of receivables and deposits (excluding prepayments) is as follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Ringgit Malaysia
17,585
22,530
17,585
22,530
US Dollar
186,711
74,268
186,711
74,268
Australian Dollar
17,006
14,859
16,933
14,824
Euro
241
85
241
85
Indian Rupee
1,502
1,414
1,502
1,414
New Zealand Dollar
112
62
112
62
Others
9,387
8,861
9,387
8,861
232,544
122,079
232,471
122,044
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables mentioned above. The Group and Company do not
hold any collateral as security.
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.
Other receivables include refunds of value-added tax receivable from the authorities in various countries in which the Group operates.
Included in prepayments are advances made for purchases of fuel, lease of aircraft and maintenance of engines.
Deposits include funds placed with lessor in respect of maintenance of the leased aircraft.
The carrying amounts of the Group’s and Company’s trade and other receivables approximate their fair values.
