MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 23 RECEIVABLES (CONTINUED) (e) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) Less than More than More than More than 30 days 30 days 60 days 90 days 31 December 2018 Current past due past due past due past due Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Expected loss rate 0.018% 0.12% 1.60% 7.01% 36.70% Gross carrying amount – trade receivables 193,080 21,604 1,689 1,070 7,258 224,701 Loss allowance (34) (27) (27) (75) (2,664) (2,827) Carrying amount (net of loss allowance) 193,046 21,577 1,662 995 4,594 221,874 (ii) Other receivables using general 3 stage approach The loss allowance for other receivables as at 31 December 2019 reconciles to the opening loss allowances for that provision as follows: Other receivables 2019 2018 RM’000 RM’000 At 1 January (80) - Increase in loss allowance recognised in profit or loss during the year (Note 8) (531) (80) At 31 December (611) (80) MSM Malaysia Holdings Berhad | Annual Report 2019 190