NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 20. TRADE AND OTHER RECEIVABLES (Cont’d) (p) The reconciliation of movement in the impairment losses are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Trade receivables Balance as at 1 January 11,566,078 9,659,388 1,557,428 1,711,657 Charge for the financial year 7,514,896 3,971,935 - - Reversal of impairment losses (6,500,852) (1,706,079) (15,960) (653) Written off (57,533) (278,964) - (153,576) Exchange differences 127,849 (80,202) - - Balance as at 31 December 12,650,438 11,566,078 1,541,468 1,557,428 Lifetime ECL 12-month ECL Credit impaired Total RM RM RM Other receivables Group Balance as at 1 January 2023 271,770 442,398 714,168 Charge for the financial year 389,496 - 389,496 Reversal of impairment losses (218,670) - (218,670) Written off - (442,398) (442,398) Exchange differences 100 - 100 Balance as at 31 December 2023 442,696 - 442,696 Balance as at 1 January 2022 836,600 442,398 1,278,998 Reversal of impairment losses (564,830) - (564,830) Balance as at 31 December 2022 271,770 442,398 714,168 Lifetime ECL - Not credit impaired 2023 2022 RM RM Other receivables Company Balance as at 1 January 2022 8,403,891 8,788,014 Reversal of impairment losses - (98,490) Reclassification to equity loan - (285,633) Balance as at 31 December 2022 8,403,891 8,403,891 138 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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