Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 34. Financial risk management objectives and policies (cont'd) (a) Credit risk (cont'd) Contract 1 - 30 31 - 60 61 - 90 91 - 120 > 120 assets Current days days days days days Total Group RM RM RM RM RM RM RM RM 31 December 2019 Expected credit loss rate (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Estimated total gross carrying amount at default 386,551,692 269,971,480 48,932,879 21,977,725 23,731,006 13,945,284 103,676,433 482,234,807 Less: Receivables individually impaired - - (12,035) - (184,712) - (14,089,301) (14,286,048) 386,551,692 269,971,480 48,920,844 21,977,725 23,546,294 13,945,284 89,587,132 467,948,759 Expected credit loss - - - - - - - - Days past due Trade receivables - 97 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 Annual Report 2020 154