200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 20. Trade and other receivables (cont'd) 2022 2021 2022 2021 RM RM RM RM Total trade and other receivables 418,269,291 528,159,430 63,610,975 79,092,584 Add: Cash and bank balances (Note 21) 72,229,384 69,536,133 10,189,874 782,239 Less: Contract cost assets (661,964) - - - Less: Deposits (15,730,435) (15,075,309) (204,500) (204,500) Total financial assets at amortised cost 474,106,276 582,620,254 73,596,349 79,670,323 (a) Trade receivables The ageing analysis of the Group's trade receivables is as follows: 2022 2021 RM RM Neither past due nor impaired 157,963,229 249,529,013 1 to 30 days past due not impaired 36,200,665 20,525,806 31 to 60 days past due not impaired 13,876,594 21,661,791 61 to 90 days past due not impaired 11,702,150 20,315,090 91 to 120 days past due not impaired 14,775,789 9,723,427 More than 120 days past due not impaired 154,513,313 178,836,904 231,068,511 251,063,018 Impaired 20,568,093 18,952,098 409,599,833 519,544,129 Receivables that are neither past due nor impaired None of these balances have been renegotiated during the financial year. Receivables that are past due but not impaired The Group has trade receivables amounting to RM231,068,511 (2021: RM251,063,018) that are past due at the reporting date but are not impaired and are not secured by any collateral or credit enhancements. Group Company Trade receivables are non-interest bearing and are generally on 30 to 90 days (2021: 30 to 90 days) terms, although in practice, this may extend to 120 days. Other credit terms are assessed and approved on a case-by-case basis. They are recognised at their original certificated or invoiced amounts which represent their fair values on initial recognition. Included in trade receivables is an amount of RM110,670,366 (2021: RM119,830,095), which represents retention sum receivable on contracts of the Group. Group Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. - 77 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 142
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