Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 21. Trade and other receivables (cont'd) (a) Trade receivables (cont'd) The ageing analysis of the Group's trade receivables is as follows: 2020 2019 RM RM Neither past due nor impaired 172,702,749 269,971,480 1 to 30 days past due not impaired 73,519,900 48,920,844 31 to 60 days past due not impaired 21,691,275 21,977,725 61 to 90 days past due not impaired 15,321,699 23,546,294 91 to 120 days past due not impaired 13,125,753 13,945,284 More than 120 days past due not impaired 147,831,965 89,587,132 271,490,592 197,977,279 Impaired 16,630,954 14,286,048 460,824,295 482,234,807 Receivables that are neither past due nor impaired None of these balances have been renegotiated during the financial year. Receivables that are past due but not impaired Receivables that are impaired 2020 2019 RM RM Trade receivables - nominal amounts 16,630,954 14,286,048 Less: Allowance for impairment (16,630,954) (14,286,048) - - Group Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. The Group has trade receivables amounting to RM271,490,592 (2019: RM197,977,279) that are past due at the reporting date but are not impaired and are not secured by any collateral or credit enhancements. The management is confident that the balance of receivables that are past due but not impaired are recoverable as these are active accounts due from credit worthy debtors. The Group's trade receivables that are impaired at the reporting date and the movement of the allowance accounts used to record the impairment are as follows: Group - 78 - 135 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020