200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 34. Financial risk management objectives and policies (cont'd) (a) Credit risk (cont'd) Contract 1 - 30 31 - 60 61 - 90 91 - 120 > 120 assets Current days days days days days Total RM RM RM RM RM RM RM RM Group 31 December 2022 Expected credit loss rate (%) 0.08% 0.15% 0.19% 0.00% 0.00% 0.00% 0.35% Estimated total gross carrying amount at default 256,530,381 158,203,229 36,270,665 13,876,594 11,702,150 14,775,789 174,771,406 409,599,833 Less: Receivables individually impaired (25,391,137) - - - - - (19,713,967) (19,713,967) 231,139,244 158,203,229 36,270,665 13,876,594 11,702,150 14,775,789 155,057,439 389,885,866 Expected credit loss 190,000 240,000 70,000 - - - 544,126 854,126 Set out below is the information about the credit risk exposure on the Group’s trade receivables and contract assets using a provision matrix: Trade receivables Days past due - 95 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 160
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