Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 92 14. Contract balances (continued) (a) Contract assets/(liabilities) (continued) Significant changes to contract assets and contract liabilities balances during the period are as follows: Group 30.6.2021 31.12.2019 RM’000 RM’000 Contract assets at the beginning of the period not transferred to trade receivables due to change in time frame 188,539 53,786 (b) Impairment assessment on contract assets Credit risk on contract assets arose from O&M and EPCC projects undertaken by the Group. As at end of the reporting period, the maximum exposure to credit risk arising from contract assets is represented by the carrying amount in the statement of financial position. Management has taken reasonable steps to ensure the contract assets are not credit impaired. 15. Trade and other receivables Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 Trade Third parties 1,760,887 1,204,311 - - Less: Allowance for impairment losses (346,473) - - - Subtotal 1,414,414 1,204,311 - - Non-trade Amount due from subsidiaries - - 2,871,292 1,797,507 Amount due from associates 113,138 40,216 5,530 - Other receivables 159,303 11,605 150 - 272,441 51,821 2,876,972 1,797,507 Less: Allowance for impairment losses (47,884) - - - Subtotal 224,557 51,821 2,876,972 1,797,507 Total 1,638,971 1,256,132 2,876,972 1,797,507