Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 332 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. TRADE AND OTHER RECEIVABLES (CONTD.) (a) Trade receivables (contd.) Receivables that are neither past due nor impaired Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. At the reporting date, approximately 11% (2022: 8%) of the Group’s trade receivables arose from current receivable balances with related companies, while approximately 18% (2022: 19%) of the Group’s trade receivables arose from current receivable balances with Ministry of Health (“MOH”). None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year. Receivables that are past due from the credit terms but not impaired The Group has trade receivables amounting to RM279.5 million (2022: RM216.2 million) that are past due from the credit terms at the reporting date but not impaired. The Group’s objectives, policies and processes of credit risk are as disclosed in Note 41(a). (b) Other receivables Amounts due from subsidiaries and related parties As at 31 December 2023, amounts due from subsidiaries are non-trade related, repayable on demand and bears interest ranging between 3.83% to 4.08% per annum (2022: 3.76% to 3.83% per annum). Amounts due from related parties are non-trade related, non-interest bearing and repayable on demand. All related companies balances are repayable on demand, unsecured and are to be settled in cash. Further details on related party transactions are disclosed in Note 39.
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