Sasbadi Annual Report 2019

PAGE 125 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 23. Financial instruments (continued) 23.4 Credit risk (continued) Receivables (continued) Recognition and measurement of impairment loss (continued) The following table provides information about the exposure to credit risk and ECLs for trade receivables as at 31 August 2019 which are grouped together as they are expected to have similar risk nature. Gross carrying Loss Net amount allowances balance Group RM’000 RM’000 RM’000 2019 Current (not past due) 19,005 (39) 18,966 1 - 30 days past due 5,188 (55) 5,133 31 - 180 days past due 16,861 (553) 16,308 181 - 330 days past due 2,841 (358) 2,483 43,895 (1,005) 42,890 Credit impaired More than 330 days past due 5,581 (4,580) 1,001 Individually impaired 2,678 (2,539) 139 52,154 (8,124) 44,030 The movements in the allowance for impairment in respect of trade receivables during the year are shown below. Trade receivables Lifetime ECL Credit impaired Total Group RM’000 RM’000 RM’000 2019 Balance at 31 August 2018 as per MFRS 139 - 3,590 3,590 Adjustments on initial application of MFRS 9 4,052 - 4,052 Balance at 1 September 2018 as per MFRS 9 4,052 3,590 7,642 Net remeasurement of loss allowance 453 29 482 Balance at 31 August 2019 4,505 3,619 8,124