34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) The movements in the allowance for impairment in respect of receivables and contract assets (excluding prepayments) during the financial period/year are shown below. Receivables Contract assets Total RM’000 Lifetime ECL RM’000 Credit impaired RM’000 Lifetime ECL RM’000 Credit impaired RM’000 Group Balance at 1 July 2021 575 39,486 56 16,394 56,511 Acquisition of subsidiaries 1,293 23,141 – – 24,434 Net remeasurement of loss allowance (761) 9,852 3 412 9,506 Reclassification – 1,883 – (1,883) – Foreign currency translation 4 345 – – 349 Balance at 30 June 2022/ 1 July 2022 1,111 74,707 59 14,923 90,800 Net remeasurement of loss allowance 11,833 (19,612) (50) 2 (7,827) Written off – (12,806) – – (12,806) Foreign currency translation – 285 – – 285 Balance at 31 December 2023 12,944 42,574 9 14,925 70,452 Receivables Total RM’000 Credit impaired RM’000 Company Balance at 1 July 2021 478 478 Net remeasurement of loss allowance (187) (187) Balance at 30 June 2022/31 December 2023 291 291 Integrated Report 2023 285
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