200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 19. Trade and other receivables (cont'd) 2023 2022 2023 2022 RM RM RM RM Total trade and other receivables 409,919,104 418,269,291 94,079,822 63,610,975 Add: Cash and bank balances (Note 20) 63,255,642 72,229,384 757,334 10,189,874 Less: Contract cost assets (247,429) (661,964) - - Less: Deposits (6,518,753) (15,730,435) (204,500) (204,500) Total financial assets at amortised cost 466,408,564 474,106,276 94,632,656 73,596,349 (a) Trade receivables The ageing analysis of the Group's trade receivables is as follows: 2023 2022 RM RM Neither past due nor impaired 205,108,735 157,963,229 1 to 30 days past due not impaired 42,395,891 36,200,665 31 to 60 days past due not impaired 31,150,189 13,876,594 61 to 90 days past due not impaired 11,285,795 11,702,150 91 to 120 days past due not impaired 9,443,478 14,775,789 More than 120 days past due not impaired 83,388,207 154,513,313 177,663,560 231,068,511 Impaired 18,937,447 20,568,093 401,709,742 409,599,833 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 Company The Group has trade receivables amounting to RM177,663,560 (2022: RM231,068,511) that are past due at the reporting date but are not impaired and are not secured by any collateral or credit enhancements. Trade receivables are non-interest bearing and are generally on 30 to 90 days (2022: 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 RM120,479,826 (2022: RM110,670,366), 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. Group - 58 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 128
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