NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 20. TRADE AND OTHER RECEIVABLES (Cont’d) (q) The Group determines concentration of credit risk by monitoring the country profiles of its trade receivables on an ongoing basis. The credit risk concentration profile of the trade receivables of the Group at the end of each reporting period are as follows: Group 2023 2022 RM % of total RM % of total By country Malaysia 206,046,096 91 104,806,076 92 Philippines 15,297,783 7 4,606,748 4 Thailand 2,664,364 1 3,395,895 3 Australia 585,722 - 718,918 1 Singapore 65,752 - - - Cambodia 96,929 - 8,659 - Indonesia 792 - 792 - United States of America - - 878 - China 1,413,720 1 - - 226,171,158 100 113,537,966 100 At the end of each reporting period, approximately eighteen percent (18%) (2022: 12%) of the trade receivables of the Group were due from 5 customers (2022: 5) customers. At the end of each reporting period, the Company does not have significant concentration of credit risk other than amounts owing by subsidiaries of RM114,619,864 (2022: RM83,491,369), which contributes 97% (2022: 100%) of total receivables of the Company. (r) The currency exposure profiles of total receivables are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Ringgit Malaysia (“RM”) 288,389,434 240,173,362 112,314,342 82,257,949 Philippines Peso (“PHP”) 18,932,470 6,244,662 - - Thai Baht (“THB”) 8,480,569 5,379,519 - - Australian Dollar (“AUD”) 586,319 719,493 - - United States Dollar (“USD”) 1,576,400 5,162,783 4,396,250 1,469,256 Indonesian Rupiah (“IDR”) 180,489 792 - - Singapore Dollar (“SGD”) 600 122,417 - - 318,146,281 257,803,028 116,710,592 83,727,205 139 ANNUAL REPORT 2023
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