278 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 13 TRADE AND OTHER RECEIVABLES (CONTINUED) Credit risk concentration profile (continued) The following table contains an analysis of the credit risk exposure for which expected credit loss is recognised (continued): Gross trade receivables RM’000 Expected credit loss RM’000 Net trade receivables RM’000 2024 Not past due 337,392 (10) 337,382 1 to 30 days overdue 83,174 (28) 83,146 31 to 60 days overdue 38,048 (4,256) 33,792 61 to 90 days overdue 19,739 (3,511) 16,228 91 to 180 days overdue 8,573 (737) 7,836 181 to 365 days overdue 54,166 (2,954) 51,212 More than 365 days overdue 15,134 (14,691) 443 Total 556,226 (26,187) 530,039 Receivables that are neither past due nor impaired Trade and other receivables of the Group and the Company that are not impaired are in respect of creditworthy debtors with reliable payment records and have a low risk of default. Most of the Group’s trade receivables arise from customers with more than 5 years of experience with the Group. The movements in the allowance for impairment loss of trade receivables during the financial year are as follows: Group 2025 RM’000 2024 RM’000 At 1 January 26,187 14,976 Impairment loss recognised 2,147 10,783 Impairment loss reversed (8,111) (6,309) Bad debts written off - (5,059) Transfer from assets of disposal group classified as held for sale - 11,927 Effect of exchange rate changes (332) (131) At 31 December 19,891 26,187 Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that are in significant financial difficulties and have defaulted on payments for which recoveries are doubtful. These receivables are not secured by any collateral.
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