62
Notes To The Financial Statements
VITROX CORPORATION BERHAD
[649966-K]
For The Financial Year Ended 31 December 2008
9.
INVENTORIES
The Group
2008
2007
RM
RM
Raw materials
3,302,790
3,286,455
Allowance for slow moving inventories
(161,750)
0
3,141,040
3,286,455
Finished goods
1,230,156
1,857,867
Allowance for slow moving inventories
(628,484)
(516,568)
601,672
1,341,299
Work-in-progress
330,802
282,433
4,073,514
4,910,187
10. TRADE RECEIVABLES
The Group
2008
2007
RM
RM
Trade receivables
5,421,107
12,102,693
Allowance for doubtful debts
(767,107)
(21,280)
4,654,000
12,081,413
The currency exposure profile of trade receivables is as follows:-
2008
2007
RM
RM
Ringgit Malaysia
2,938,914
8,280,292
US Dollar
1,715,086
3,801,121
4,654,000
12,081,413
The credit terms of trade receivables range from 30 to 60 days.
11. CASH AND CASH EQUIVALENTS
The Group
The Company
2008
2007
2008
2007
RM
RM
RM
RM
Fixed deposits with licensed banks
25,038,662
16,297,581
125,000
0
Short-term funds
2,236,760
2,168,904
2,000,009
1,939,335
Cash and bank balances
1,507,851
926,501
15,482
140,706
28,783,273
19,392,986
2,140,491
2,080,041
The effective interest rates of fixed deposits range from 0.3% to 3.7% (2007 : 2.55% to 4.6%) per annum. Short-term funds
represent highly liquid investments in fixed income instruments.
