23 RECEIVABLES (CONTINUED) (b) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) 31 December 2020 The following table contains an analysis of the credit risk exposure of trade receivables for which an ECL allowance is recognised, based on collective impairment assessment: Less than More than More than More than 30 days 30 days 60 days 90 days Current past due past due past due past due Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 31 December 2020 Gross carrying amount - trade receivables 188,243 19,267 5,111 1,953 12,455 227,029 Expected loss rate 0.32% 2.79% 8.00% 16.23% 70.41% 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 (ii) Other receivables using general 3 stage approach The loss allowance for other receivables as at 31 December 2021 reconciles to the opening loss allowances for that provision as follows: Under- Non- Performing performing performing Total RM’000 RM’000 RM’000 RM’000 Opening loss allowance as at 1 January 2020 (calculated under MFRS 9) - (611) - (611) Reversal of loss allowance (Note 8) - 368 - 368 Closing loss allowance as at 31 December 2020 - (243) - (243) Individual financial assets transferred to under-performing (credit-impaired financial assets) (Note 8) - (7,864) - (7,864) Reversal of loss allowance (Notes 16) - 16 - 16 Changes in allowance from disposal of a subsidiary - 43 - 43 Closing loss allowance as at 31 December 2021 - (8,048) - (8,048) NOTESTOTHE FINANCIAL STATEMENTS FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 346
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