Frontken Berhad Annual Report 2023

Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 146 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 28. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) Credit Risk (Cont’d) (iii) Assessment of impairment losses (Cont’d) • Trade receivables (Cont’d) Allowance for Impairment Losses Lifetime Lifetime Gross Individual Collective Carrying Amount Impairment Impairment Amount The Group RM RM RM RM 2023 Not past due 96,838,682 - - 96,838,682 Past due: - less than 1 month 14,165,909 - - 14,165,909 - 1 to 9 months 8,226,218 - (266,668) 7,959,550 - over 9 months 365,308 (209,315) (145,164) 10,829 Trade receivables 119,596,117 (209,315) (411,832) 118,974,970 2022 Not past due 96,183,959 - - 96,183,959 Past due: - less than 1 month 16,255,621 - - 16,255,621 - 1 to 9 months 12,140,080 - (493,622) 11,646,458 - over 9 months 587,097 (224,883) (362,214) - Trade receivables 125,166,757 (224,883) (855,836) 124,086,038 The movements in the loss allowances in respect of trade receivables is disclosed in Note 14 to the financial statements.

RkJQdWJsaXNoZXIy NDgzMzc=