MSM Malaysia Holdings Berhad Annual Report 2020

23 RECEIVABLES (CONTINUED) (d) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) The movement of loss allowance for trade receivables as at 31 December 2020 is as follows: Trade receivables 2020 2019 RM’000 RM’000 At 1 January (3,025) (2,827) Increase in loss allowance recognised in profit or loss during the year (Note 8) (7,607) (598) Unused amount reversed (Note 8) - 400 At 31 December (10,632) (3,025) The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognised. The gross carrying amount of financial assets below also represents the Group’s maximum exposure to credit risk on these assets: Less than More than More than More than 30 days 30 days 60 days 90 days 31 December 2020 Current past due past due past due past due Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Expected loss rate 0.32% 2.79% 8.00% 16.23% 70.41% Gross carrying amount – trade receivables 188,243 19,267 5,111 1,953 12,455 227,029 Loss allowance (598) (538) (409) (317) (8,770) (10,632) Carrying amount (net of loss allowance) 187,645 18,729 4,702 1,636 3,685 216,397 MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 203 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING