DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS Gross amount Loss allowance Net amount Group RM RM RM 2019 Neither past due nor impaired 48,183,578 (138,510) 48,045,068 Past due not impaired: Less than 30 days 5,717,959 (20,453) 5,697,506 31 to 60 days 4,107,576 (18,754) 4,088,822 61 to 90 days 2,521,939 (16,052) 2,505,887 More than 90 days past due 124,469,612 (2,404,355) 122,065,257 185,000,664 (2,598,124) 182,402,540 Credit impaired: Less than 30 days past due 44,221 (743) 43,478 31 to 60 days past due 70,040 (1,800) 68,240 More than 90 days past due 35,691,329 (7,402,847) 28,288,482 Individual impaired 35,664,393 (35,664,393) - 256,470,647 (45,667,907) 210,802,740 2018 Neither past due nor impaired 54,129,905 (126,739) 54,003,166 Past due not impaired: Less than 30 days 2,220,648 (364,782) 1,855,866 31 to 60 days 48,464,186 (563,212) 47,900,974 104,814,739 (1,054,733) 103,760,006 Credit impaired: More than 60 days past due 161,861,776 (1,544,872) 160,316,904 Individual impaired 2,038,305 (2,038,305) - 268,714,820 (4,637,910) 264,076,910 Trade receivables that are neither past due nor impaired are creditworthy receivables with good payment records with the Group. As at 31 December 2019, trade receivables of RM136,817,086 (2018: RM50,684,834) were past due but not impaired. These relate to a number of independent customers from whom there is no recent history of default. The trade receivables of the Group that are individually assessed to be impaired amounting to RM35,664,393 (2018: RM2,038,305), related to customers that are in financial difficulties and have defaulted on payments. These balances are expected to be recovered through the debt recovery process. 16. Trade Receivables (Cont’d) The aged analysis of trade receivables as at the end of the reporting period: FINANCIAL STATEMENTS 06 ANNUAL REPORT 2019 159