Registration No. 200301030845 (633265-K) - 104 - 15. Trade Receivables (Cont’d) As at 30 June 2024, trade receivables of RM41,885,576 (31.12.2022: RM34,428,362) 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 RM40,505,307 (31.12.2022: RM27,478,408), 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. Amount Due from/(to) Subsidiaries 30.6.2024 31.12.2022 RM RM Amount due from subsidiaries 322,485,925 272,513,559 Less: Accumulated impairment losses (159,591,176) (145,687,576) 162,894,749 126,825,983 Amount due to subsidiaries (19,900,778) (21,680,424) Company This represents non-trade balance, unsecured, interest free advances and are repayable on demand. Movements in allowance for impairment loss are as follows: 30.6.2024 31.12.2022 RM RM At 1 January 145,687,576 15,471,589 Impairment losses recognised 25,294,180 130,215,987 Amount written off (11,390,580) - At 30 June/31 December 159,591,176 145,687,576 Company 17. Amount Due from Joint Ventures This represents non-trade balances, unsecured, interest free advances and are repayable on demand. 181 DESTINI BERHAD ANNUAL REPORT 2024
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