Kimlun Corporation Berhad Annual Report 2022

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 2021 Expected credit loss rate (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.03% Estimated total gross carrying amount at default 175,223,675 249,529,013 20,525,806 21,661,791 20,315,090 9,723,427 197,789,002 519,544,129 Less: Receivables individually impaired - - - - - - (15,245,628) (15,245,628) 175,223,675 249,529,013 20,525,806 21,661,791 20,315,090 9,723,427 182,543,374 504,298,501 Expected credit loss - - - - - - 3,706,470 3,706,470 Trade receivables Days past due - 96 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 161

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