15. TRADE AND OTHER RECEIVABLES (continued) (f) Credit risk and impairment policy for trade receivables (continued) The Group uses an allowance matrix to measure the lifetime ECL of trade receivables based on the simplified approach. Consistent with the debt recovery process, invoices which are past due 690 days will be considered as credit impaired. Expected loss rates are calculated using the 8roll rate9 method based on the probability of a receivable progressing through successive stages of delinquency to 690 days past due. Loss rates are based on actual credit loss experience over the past three years. The Group also considers the differences between (a) economic conditions during the period over which the historical data has been collected, (b) current economic conditions and (c) the Group9s view of economic conditions over the expected lives of the receivables. The Group adjusted the loss rates to reflect current and forwardlooking information such as gross domestic product, unemployment rate, inflation rate, bank lending rate, non-performing loan ratio and services sector gross domestic product. Significant judgement is required in determining the probabilities of default by receivables and appropriate forward-looking information in assessing the expected credit loss allowance. The following table provides information about the exposure to credit risk and ECLs for trade receivables which are grouped together as they are expected to have similar risk nature. Gross carrying Loss Net Group amount allowances balance RM9000 RM9000 RM9000 2024 Current (not past due) 24,448 (23) 24,425 1 - 30 days past due 3,544 (8) 3,536 31 - 180 days past due 10,745 (57) 10,688 181 - 330 days past due 736 (40) 696 More than 330 days past due 2,345 (1,947) 398 41,818 (2,075) 39,743 Credit impaired Individually impaired 161 (161) - 41,979 (2,236) 39,743 Gross carrying Loss Net Group amount allowances balance RM9000 RM9000 RM9000 2023 Current (not past due) 17,465 (32) 17,433 1 - 30 days past due 5,316 (49) 5,267 31 - 180 days past due 12,467 (169) 12,298 181 - 330 days past due 1,053 (116) 937 More than 330 days past due 2,463 (2,130) 333 38,764 (2,496) 36,268 Credit impaired Individually impaired 173 (173) - 38,937 (2,669) 36,268 Responsible Corpor-|; bঞ;mv_br Integrity & Honesty Accountable P-u|m;uv_br Excellence & Inno-ঞom Financial Statements (continued) 121
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