NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 20. TRADE AND OTHER RECEIVABLES (Cont’d) (l) ECL assessment for non-financial institutions customers are as follows: (Cont’d) For trade receivables, which are reported net, such impairments are recorded in a separate impairment account with the loss being recognised in the statements of profit or loss and other comprehensive income. On confirmation that the trade receivable would not be collectable, the gross carrying value of the asset would be written off against the associated impairment. It requires management to exercise significant judgement in determining the probability of default by trade receivables, appropriate forward-looking information and estimated loss given default in worst-case scenarios. The following table provides information about the exposure to credit risk and ECLs for trade receivables for non-financial institutions customers. Gross carrying amount Impairment loss allowance Credit impaired RM RM 31 December 2023 Group Current (not past due) 97,319,371 (1,899,137) No More than 30 days past due 3,363,317 (2,108,341) No More than 60 days past due 2,844,279 (2,848,102) No More than 90 days past due 1,444,399 (1,440,535) No More than 120 days past due 4,175,180 (4,175,180) Yes 109,146,546 (12,471,295) Company Current (not past due) 1,140,511 - No More than 30 days past due 13,780 - No More than 60 days past due 180,703 - No More than 90 days past due 24,657 - No More than 120 days past due 4,483,504 (1,540,756) No 5,843,155 (1,540,756) 31 December 2022 Group Current (not past due) 49,108,693 (1,155,875) No More than 30 days past due 1,039,491 (707,082) No More than 60 days past due 1,536,064 (1,536,064) No More than 90 days past due 1,290,087 (1,290,087) No More than 120 days past due 6,665,647 (6,665,647) Yes 59,639,982 (11,354,755) 136 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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