224 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 ANNUAL REPORT 2023 13. Trade receivables, other receivables and prepaid expenses (a) Trade receivables Group and Fund 2023 2022 RM RM Current Third parties 7,417,538 7,841,308 Amount due from related companies 4,704,417 6,141,672 12,121,955 13,982,980 Less: Allowance for expected credit losses (3,980,471) (2,498,809) 8,141,484 11,484,171 Unbilled rental income (Note (i)) 20,046,294 16,816,654 28,187,778 28,300,825 Trade receivables comprise rental receivable from lessees. The credit period granted by the Group and the Fund on rental receivable from lessees generally ranges from 1 to 7 days (2022: 1 to 7 days). The ageing analysis of the Group’s and of the Fund’s trade receivables is as follows: Total gross Allowance for carrying expected amount at credit default losses Total RM RM RM Group and Fund At 31 December 2023 1 to 30 days past due 4,047,027 (270,404) 3,776,623 31 to 60 days past due 1,081,731 (152,054) 929,677 61 to 90 days past due 43,890 (12,845) 31,045 90 to 120 days past due 487,939 (107,403) 380,536 More than 120 days pass due 6,461,368 (3,437,765) 3,023,603 12,121,955 (3,980,471) 8,141,484 At 31 December 2022 1 to 30 days past due 3,968,992 (696,291) 3,272,701 31 to 60 days past due 1,499,993 (269,999) 1,229,994 61 to 90 days past due 39,116 (7,041) 32,075 90 to 120 days past due 610,733 (109,932) 500,801 More than 120 days pass due 7,864,146 (1,415,546) 6,448,600 13,982,980 (2,498,809) 11,484,171
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