200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 33. 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 2023 Expected credit loss rate (%) 0.07% 0.00% 0.76% 0.22% 0.00% 0.00% 0.29% Estimated total gross carrying amount at default 307,777,870 205,108,735 42,720,891 31,218,189 11,285,795 9,443,478 101,932,654 401,709,742 Less: Receivables individually impaired (25,391,137) - - - - - (18,305,689) (18,305,689) 282,386,733 205,108,735 42,720,891 31,218,189 11,285,795 9,443,478 83,626,965 383,404,053 Expected credit loss 190,000 - 325,000 68,000 - - 238,758 631,758 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 - 76 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 146
RkJQdWJsaXNoZXIy NDgzMzc=