MSM Malaysia Holdings Berhad Annual Report 2020

23 RECEIVABLES (CONTINUED) (d) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) Less than More than More than More than 30 days 30 days 60 days 90 days 31 December 2019 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 0.05% 0.47% 1.66% 6.86% 38.99% Gross carrying amount – trade receivables 227,853 28,046 7,069 3,150 6,248 272,366 Loss allowance (124) (132) (117) (216) (2,436) (3,025) Carrying amount (net of loss allowance) 227,729 27,914 6,952 2,934 3,812 269,341 (ii) Other receivables using general 3 stage approach The loss allowance for other receivables as at 31 December 2020 reconciles to the opening loss allowances for that provision as follows: Other receivables 2020 2019 RM’000 RM’000 At 1 January (611) (80) Decrease/(Increase) in loss allowance recognised in profit or loss during the year (Note 8) 368 (531) At 31 December (243) (611) MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 204 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT