Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 122 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 14. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods. The credit periods granted to the customers range from 30 to 180 days (2022: 30 to 180 days). The Group 2023 2022 RM RM Trade receivables 119,596,117 125,166,757 Allowance for impairment losses (621,147) (1,080,719) 118,974,970 124,086,038 Movement in allowance for impairment losses on trade receivables is as follows: The Group 2023 2022 RM RM At 1 January 1,080,719 1,352,272 Allowance for impairment losses - 759,650 Reversal of allowance for impairment losses (492,662) - Allowance for impairment losses written off - (990,999) Exchange difference 33,090 (40,204) At 31 December 621,147 1,080,719 Included in trade receivables of the Group are the following amount owing by the related parties: The Group 2023 2022 RM RM AMT Engineering Sdn. Bhd. 6,180 6,505 A & I Engine Rebuilders Sdn. Bhd. 14,690 2,029 Tenaga-Tech (M) Sdn. Bhd. 16,186 6,885 37,056 15,419
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