89 www.excelforce.com.my Notes to the Financial Statements (cont’d) 13. Trade Receivables (cont’d) Movements in the allowance for impairment losses of trade receivables are as follows: Lifetime allowance Credit impaired Loss allowance RM RM RM Group At 1 July 2023 63,166 11,554 74,720 Impairment losses reversed* (23,567) - (23,567) At 30 June 2024 39,599 11,554 51,153 At 1 January 2022 52,477 21,498 73,975 Charge for the financial period 10,689 11,554 22,243 Written off - (21,498) (21,498) At 30 June 2023 63,166 11,554 74,720 Company At 1 July 2023 60,271 - 60,271 Transfer upon corporate reorganisation exercise (60,271) - (60,271) At 30 June 2024 - - - At 1 January 2022 51,305 - 51,305 Charge for the financial period 8,966 - 8,966 At 30 June 2023 60,271 - 60,271 * Impairment losses reversed when the related amounts were collected. The loss allowance account in respect of trade receivables is used to record loss allowance. Unless the Group and the Company are satisfied that recovery of the amount is possible, the amount considered irrecoverable is written off against the receivable directly.
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