NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 15 TRADE AND OTHER RECEIVABLES (CONTINUED) Receivables that are neither past due nor impaired (continued) Trade receivables that are individually determined to be impaired at the reporting date relate to balances for which recoveries are doubtful. These receivables are not secured by any collateral. The movements in the Group’s and the Company’s allowance for impairment loss of other receivables during the financial year are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 At 1 January 48,235 46,479 12,534 12,110 Impairment loss recognised 301 946 - - Impairment loss reversed - (26) - - Bad debts written off (252) (613) - - Effect of exchange rate changes 1,259 1,449 728 424 At 31 December 49,543 48,235 13,262 12,534 The Group’s trade receivables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2022 2021 RM’000 RM’000 Gross trade receivables - United States Dollar 127,419 33,375 - Indonesian Rupiah 4,610 15 - Singapore Dollar 2,052 1 - Japanese Yen 705 186 - Euro Dollar 400 627 135,186 34,204 The Group’s and the Company’s other receivables, deposits and prepayments exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the Company) risk were: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Gross other receivables, deposits and prepayments - United States Dollar 34,875 32,456 13,247 12,519 - Qatari Rial 12,998 6,256 - - - Indonesian Rupiah 6,363 4,391 - - - Euro Dollar 2,461 4,695 - - - Ringgit Malaysia 2,259 3,820 - - - Singapore Dollar 1,245 356 - - - British Pound 12 836 - - 60,213 52,810 13,247 12,519 Wah Seong Corporation Berhad Annual Report 2022 168
RkJQdWJsaXNoZXIy NDgzMzc=