PRG Holdings Berhad Annual Report 2020

16. TRADE AND OTHER RECEIVABLES (continued) (a) Trade receivables are non-interest bearing and the normal trade credit terms granted by the Group range from twenty- one (21) days to ninety (90) days (2019: twenty-one (21) days to ninety (90) days) from date of invoice. They are recognised at their original invoice amounts, which represent their fair values on initial recognition. (b) The retention sums are unsecured, interest-free and are expected to be collected as follows: Group 2020 2019 RM’000 RM’000 More than one (1) year 439 145 Within one (1) year 539 309 (c) Lifetime expected loss provision for trade receivables of the Group as at 31 December are as follows: Gross Lifetime Net carrying expected carrying amount loss amount 2020 RM’000 RM’000 RM’000 Collective assessment Not past due 17,935 (32) 17,903 Past due 1 - 30 days 4,251 (25) 4,226 31 - 60 days 581 (5) 576 61 - 90 days 443 (6) 437 Over 90 days 4,253 (239) 4,014 27,463 (307) 27,156 Individual assessment 21,714 (13,836) 7,878 49,177 (14,143) 35,034 2019 Collective assessment Not past due 23,757 (25) 23,732 Past due 1 - 30 days 9,541 (17) 9,524 31 - 60 days 3,604 (12) 3,592 61 - 90 days 2,599 (8) 2,591 Over 90 days 2,303 (18) 2,285 41,804 (80) 41,724 Individual assessment 12,719 (12,719) - 54,523 (12,799) 41,724 During the financial year, the Group did not renegotiate the terms of any trade receivables. PRG HOLDINGS BERHAD 140 Notes to the Financial Statements 31 December 2020 cont’d