Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 14 TRADE AND OTHER RECEIVABLES (CONTINUED) 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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 At 1 January 49,543 48,235 13,262 12,534 Impairment loss recognised 16 301 - - Bad debts written off (35,687) (252) (13,247) - Transfer to assets of disposal group classified as held for sale (16) - - - Effect of exchange rate changes 996 1,259 - 728 At 31 December 14,852 49,543 15 13,262 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 2023 2022 RM’000 RM’000 Gross trade receivables - United States Dollar 121,137 127,419 - Indonesian Rupiah 11,920 4,610 - Singapore Dollar 1,502 2,052 - Japanese Yen 758 705 - Euro Dollar - 400 135,317 135,186 Integrated Annual Report 2023 236
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