EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 86 notes to the financial statements 31 december 2019 (cont’d) 13. Trade Receivables (Cont’d) The loss allowance account in respect of trade receivables is used to record loss allowance. Unless the Group and the Company are satisfied that recovery of the amount is possible, the amount considered irrecoverable is written off against the receivable directly. The aged analysis of trade receivables as at the end of the reporting period are as follows: Gross amount Loss allowance Net amount RM RM RM Group 2019 Neither past due nor impaired 3,711,060 (61,805) 3,649,255 Past due but not impaired Less than 30 days 357,466 (11,905) 345,561 31 to 60 days 66,170 (2,912) 63,258 More than 60 days 1,382,091 (91,878) 1,290,213 1,805,727 (106,695) 1,699,032 Credit impaired Individually impaired 29,931 (29,931) - 5,546,718 (198,431) 5,348,287 2018 Neither past due nor impaired 3,453,535 (48,340) 3,405,195 Past due but not impaired Less than 30 days 772,029 (21,314) 750,715 31 to 60 days 23,500 (964) 22,536 More than 60 days 1,108,668 (60,995) 1,047,673 1,904,197 (83,273) 1,820,924 Credit impaired Individually impaired 29,931 (29,931) - 5,387,663 (161,544) 5,226,119 Company 2019 Neither past due nor impaired 3,546,230 (58,880) 3,487,350 Past due but not impaired Less than 30 days 342,096 (11,359) 330,737 31 to 60 days 54,770 (2,728) 52,042 More than 60 days 1,362,375 (90,478) 1,271,897 1,759,241 (104,565) 1,654,676 5,305,471 (163,445) 5,142,026