Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 331 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. TRADE AND OTHER RECEIVABLES (CONTD.) Movements in allowance for ECL: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 At 1 January 44,157 43,447 12,737 29,244 Acquisition of a subsidiary 3,970 - Charge for the year (Note 7) 1,599 5,375 - - Reversal of allowance (Note 5) (2,487) (3,812) (945) (16,507) Written off (139) - - - Reclassification to asset held for sale - (862) - - Exchange differences 156 9 - - At 31 December 47,256 44,157 11,792 12,737 (a) Trade receivables Trade receivables are non-interest bearing and are generally on 30 to 90 days (2022: 30 to 90 days) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Group 2023 RM’000 2022 RM’000 Neither past due nor impaired 237,258 191,153 1 to 30 days past due from the credit terms but not impaired 99,624 101,349 31 to 60 days past due from the credit terms but not impaired 34,871 35,424 61 to 90 days past due from the credit terms but not impaired 13,170 23,988 91 to 120 days past due from the credit terms but not impaired 9,510 10,341 More than 121 days past due from the credit terms but not impaired 122,352 45,073 279,527 216,175 Impaired 44,396 41,180 561,181 448,508
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