Tropicana Corporation Berhad Annual Report 2023

$'" TRADE#AND#OTHER#RECEIVABLES#(CONT’D") (a) Trade!receivables The!Group’s!and!the!Company’s!normal!trade!credit!term!ranges!from!0!to!$,#!days!("#"")!0!to!$,#!days)!and!+#!days!("#"")! +#!days)!respectively'!Other!credit!terms!are!assessed!and!approved!on!a!case-to-case!basis'!Trade!receivables!are!non-interest! bearing!and!are!recognised!at!their!original!invoice!amounts!which!represent!their!fair!values!on!initial!recognition' The!Group!and!the!Company!have!no!significant!concentration!of!credit!risk!that!may!arise!from!exposures!to!a!single!debtor!or!to! groups!of!debtors' Ageing!analysis!of!trade!receivables The!ageing!analysis!of!the!Group’s!and!of!the!Company’s!trade!receivables!are!as!follows) Group Company +"+$ +"++ +"+$ +"++ RM’""" RM’""" RM’""" RM’"""! Neither!past!due!nor!impaired !!#"(%$+)!! !-0&,#+! !)'+! !"-$! $!to!+#!days!past!due!but!not!impaired !#$%(.,!! !"+&1+"! !&')! !$&//0! +$!to!%#!days!past!due!but!not!impaired !!&%'#,!! !"&%+0! !&("! !$&+/"! %$!to!-#!days!past!due!but!not!impaired !#%&((!! !"&-0+! !),.! !$&/-+! -$!to!$"#!days!past!due!but!not!impaired !!(%&$,!! !"&,%/! !#%+"&! !$&%",! More!than!$"$!days!past!due!but!not!impaired !$(%'+)!! !%0&+$#! !+&%$+'! !$-&010! Total!past!due!but!not!impaired !&(%#).!! !--&"$0! !+,%$'$! !"/&,00! Impaired !!(%+#(! !0&#0/! !–! –! !#.#%&.,! !"#1&#-/! !+,%."'! !"%&$%,! 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!and! the!Company' None!of!the!Group’s!and!of!the!Company’s!trade!receivables!that!are!neither!past!due!nor!impaired!have!been!renegotiated!during! the!current!and!the!previous!financial!year' Receivables!that!are!past!due!but!not!impaired The!receivables!that!are!past!due!but!not!impaired!are!mainly!related!to!the!progress!billings!to!be!settled!by!the!end-buyers’! financiers'!However&!the!directors!are!of!the!opinion!that!these!debts!should!be!realised!in!full!without!material!losses!in!the! ordinary!course!of!business!as!the!legal!title!to!the!properties!sold!remain!with!the!Group!and!the!Company!until!the!purchase! consideration!is!fully!paid' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 254 ANNUAL REPORT 2023

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