34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) The following table provides information about the exposure to credit risk and the expected credit losses (“ECLs”) for receivables and contract assets (excluding prepayments) which are grouped together as they are expected to have similar risk nature. Group Gross carrying amount RM’000 Loss allowances RM’000 Net balances RM’000 30.6.2022 Current (not past due) 236,438 (272) 236,166 31 - 60 days past due 13,250 (106) 13,144 61 - 90 days past due 13,380 (255) 13,125 More than 90 days past due 19,654 (537) 19,117 282,722 (1,170) 281,552 Credit impaired Individually impaired 89,630 (89,630) – 372,352 (90,800) 281,552 Trade and other receivables 313,592 (75,818) 237,774 Contract assets 58,760 (14,982) 43,778 372,352 (90,800) 281,552 30.6.2021 Current (not past due) 109,156 (258) 108,898 31 - 60 days past due 3,086 (64) 3,022 61 - 90 days past due 1,489 (22) 1,467 More than 90 days past due 3,466 (287) 3,179 117,197 (631) 116,566 Credit impaired Individually impaired 55,880 (55,880) – 173,077 (56,511) 116,566 Trade and other receivables 116,090 (40,061) 76,029 Contract assets 56,987 (16,450) 40,537 173,077 (56,511) 116,566 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 292
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