34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) The following table provides information about the exposure to credit risk and the ECLs for receivables and contract assets (excluding prepayments) which are grouped together as they are expected to have similar risk nature. Group Gross carrying amount RM’000 Loss allowances RM’000 Net balances RM’000 31.12.2023 1 – 30 days 260,772 (39) 260,733 31 – 60 days 3,596 (19) 3,577 61 – 90 days 13,895 (23) 13,872 More than 90 days 17,226 (12,872) 4,354 295,489 (12,953) 282,536 Credit impaired Individually impaired 57,499 (57,499) – 352,988 (70,452) 282,536 Trade and other receivables 328,922 (55,518) 273,404 Contract assets 24,066 (14,934) 9,132 352,988 (70,452) 282,536 30.6.2022 1 – 30 days 236,438 (272) 236,166 31 – 60 days 13,250 (106) 13,144 61 – 90 days 13,380 (255) 13,125 More than 90 days 19,654 (537) 19,117 282,722 (1,170) 281,552 Credit impaired Individually impaired 89,630 (89,630) – 372,352 (90,800) 281,552 Trade and other receivables 313,592 (75,818) 237,774 Contract assets 58,760 (14,982) 43,778 372,352 (90,800) 281,552 Financial Statements DAGANG NeXCHANGE BERHAD 284 NOTES TO THE FINANCIAL STATEMENTS
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