EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 89 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 12. 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 ageing 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 2020 Not past due 5,036,110 (92,968) 4,943,142 Past due Less than 30 days 3,332 (73) 3,259 31 to 60 days 204,733 (11,505) 193,228 More than 60 days 765,630 (57,347) 708,283 973,695 (68,925) 904,770 Credit impaired Individually impaired 21,498 (21,498) - 6,031,303 (183,391) 5,847,912 2019 Not past due 3,711,060 (61,805) 3,649,255 Past due 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 Company 2020 Not past due 4,860,765 (91,054) 4,769,711 Past due 31 to 60 days 204,732 (11,505) 193,227 More than 60 days 764,994 (57,319) 707,675 969,726 (68,824) 900,902 5,830,491 (159,878) 5,670,613