154
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
22 AMOUNTS DUE FROM / (TO) RELATED PARTIES, AN ASSOCIATE, A JOINT VENTURE AND SUBSIDIARIES
The amounts due from/(to) related parties are in respect of trading transactions. The normal credit terms of the Group and Company range from 30 to 60 days (2013: 15 to 60 days).
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Amounts due from related parties
38,769
16,387
38,304
16,325
Amount due from a joint venture
19,499
-
19,499
-
Amount due from an associate
5,314
1,353
-
1,353
Amount due from a subsidiary
-
-
5,314
-
63,582
17,740
63,117
17,678
Amounts due to related parties
(23,173)
(1,916)
(23,173)
(1,916)
Amount due to an associate
(196)
-
(196)
-
Amounts due to subsidiaries
-
-
(1,896)
(1,887)
(23,369)
(1,916)
(25,265)
(3,803)
The currency profile of amounts due from related parties, joint venture and a subsidiary are as follows:
Ringgit Malaysia
36,394
15,764
36,394
15,764
Australian Dollar
581
62
116
-
US Dollar
26,085
1,529
26,085
1,529
Others
522
385
522
385
63,582
17,740
63,117
17,678
Amounts due from related parties, an associate, a joint venture, and a subsidiary that are neither past due nor impaired amounted to RM53,639,000 and RM53,558,000 (2013:
RM17,709,000 and RM17,678,000) for the Group and Company respectively.
The ageing analysis that is past due but not impaired is as follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Less than 6 months
9,737
31
9,353
-
More than 6 months
206
-
206
-
9,943
31
9,559
-
The maximum exposure to credit risk as at the balance sheet date is the carrying value of the amounts due from related parties, an associate, a joint venture, and a subsidiary
mentioned above.
The Group and Company have not made any impairment on these balances as management is of the view that these amounts are recoverable as there is no history of default.
