ANNUAL REPORT 2024 FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE 161 14. TRADE RECEIVABLES Group 2024 2023 RM’000 RM’000 Trade receivables 164,065 111,069 Allowance for impairment losses (11,017) (10,873) 153,048 100,196 Accrued income 15,074 14,409 168,122 114,605 Allowance for impairment losses:- At 1 April 2023/2022 (10,873) (7,562) Additions (Note 39) (174) (3,572) Write backs 30 53 Write offs # 208 At 31 March 2024/2023 (11,017) (10,873) Note:- # - Amount less than RM1,000. The Group’s normal trade credit terms range from 30 to 90 (2023 - 30 to 90) days. Other credit terms are assessed and approved on a case-by-case basis. The allowance for impairment losses is made on those trade receivables from those companies which are in serious financial difficulties and which have defaulted on payments. Accrued income represents revenue earned for work performed and goods delivered but the related invoices have yet to be issued. 15. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Other receivables 737 1,145 15 12 Allowance for impairment losses (155) (155) - - 582 990 15 12 Deposits 1,113 930 262 186 Prepayments 5,872 10,584 689 335 7,567 12,504 966 533 Prepayments consist of downpayment for purchases of materials and machineries.
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