200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 20. Trade and other receivables (cont'd) (a) Trade receivables (cont'd) Receivables that are past due but not impaired (cont'd) Receivables that are impaired 2022 2021 RM RM Trade receivables - nominal amounts 20,568,093 18,952,098 Less: Allowance for impairment (20,568,093) (18,952,098) - - Movement in allowance accounts: 2022 2021 RM RM At 1 January 18,952,098 16,630,954 Charge for the year (Note 7) 18,538,174 2,919,132 Reversal of impairment loss (Note 7) (3,311,955) (597,988) Written off (13,610,224) - At 31 December 20,568,093 18,952,098 (b) Amount due from subsidiaries (c) Amount due from joint venture The management is confident that the balance of receivables that are past due but not impaired are recoverable as these are active accounts due from creditworthy debtors. Group Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that have defaulted on payments. These receivables are not secured by any collateral or credit enhancements. The amount due from subsidiaries are unsecured, bearing interest ranging from 4.20% to 6.44% (2021: 3.57% to 6.44%) per annum and are repayable on demand. The amount due from joint venture are unsecured, bearing interest ranging from 5.77% to 7.04% (2021: 4.88% to 5.77%) per annum and are repayable on demand. Group The Group's trade receivables that are impaired at the reporting date and the movement of the allowance accounts used to record the impairment are as follows: - 78 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 143
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