23. TRADE AND OTHER RECEIVABLES (CONT’D.) Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Other receivables Sundry receivables 73,232 129,027 13,972 20,797 Deposits (Note 23(b)(iii)) 43,943 94,536 118 123 Prepayments 9,474 7,432 – – Amounts due from subsidiaries (Note 23(b)(ii)) – – 2,201,027 1,541,794 Amounts due from joint ventures (Note 23(b)(ii)) 2,215 788 22 20 Less: Accumulated impairment losses (Note 23(b)(v)) - Sundry receivables (20,865) (14,380) (8,859) (8,859) 107,999 217,403 2,206,280 1,553,875 305,019 485,324 2,232,448 1,573,914 Total trade and other receivables 310,455 490,547 3,088,337 3,074,303 (a) Trade receivables The Group’s and the Company’s normal trade credit term ranges from 7 to 180 days (2021: 7 to 180 days) and 30 days (2021: 30 days) respectively. Other credit terms are assessed and approved on a case-to-case basis. Trade receivables are non-interest bearing and are recognised at their original invoice amounts which represent their fair values on initial recognition. The Group and the Company have no significant concentration of credit risk that may arise from exposures to a single debtor or to groups of debtors. Ageing analysis of trade receivables The ageing analysis of the Group’s and of the Company’s trade receivables are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Neither past due nor impaired 97,803 176,283 291 1,456 1 to 30 days past due but not impaired 23,432 26,408 1,557 1,475 31 to 60 days past due but not impaired 2,637 16,303 1,352 1,754 61 to 90 days past due but not impaired 2,973 3,779 1,593 1,850 91 to 120 days past due but not impaired 2,865 1,570 1,628 1,822 More than 121 days past due but not impaired 67,310 43,578 19,747 11,682 Total past due but not impaired 99,217 91,638 25,877 18,583 Impaired 7,075 13,877 – – 204,095 281,798 26,168 20,039 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 240 ANNUAL REPORT 2022
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