Dagang NeXchange Berhad Annual Report 2018

30. FINANCIAL INSTRUMENTS (CONTINUED) 30.4 Credit risk (continued) Receivables and contract assets (continued) Comparative information under MFRS 139, Financial Instruments: Recognition and Measurement The ageing of receivables as at 31 December 2017 was as follows: 2017 Net RM’000 Group Not past due 81,135 Past due 31 - 60 days 7,017 Past due 61 - 90 days 3,310 Past due more than 90 days 8,098 99,560 Company Not past due 650 The movements in the allowance for impairment losses of receivables during the financial year were: 2017 Group Company RM’000 RM’000 At 1 January 5,650 406 Impairment loss recognised 415 - Impairment loss reversed (86) - At 31 December 5,979 406 Cash and cash equivalents The cash and cash equivalents are held with banks and financial institutions. As at the reporting period, the maximum exposure to credit risk is represented by their carrying amounts in the statement of financial position. These banks and financial institutions have low credit risks. Consequently, the Group and the Company are of the view that the loss allowance is not material and hence, it is not provided for. 166 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)