34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) The movements in the allowance for impairment in respect of receivables and contract assets (excluding prepayments) during the financial year/period are shown below. Receivables Contract assets Total RM’000 Lifetime ECL RM’000 Credit impaired RM’000 Lifetime ECL RM’000 Credit impaired RM’000 Group Balance at 1 January 2020 2,838 5,678 59 – 8,575 Amounts written off (65) (31) – – (96) Net remeasurement of loss allowance (2,198) 33,839 (3) 16,394 48,032 Balance at 30 June 2021/ 1 July 2021 575 39,486 56 16,394 56,511 Acquisition of subsidiaries 1,293 23,141 – – 24,434 Net remeasurement of loss allowance (761) 9,852 3 412 9,506 Reclassification – 1,883 – (1,883) – Foreign currency translation 4 345 – – 349 Balance at 30 June 2022 1,111 74,707 59 14,923 90,800 Receivables Total RM’000 Credit impaired RM’000 Company Balance at 1 January 2020 407 407 Net remeasurement of loss allowance 71 71 Balance at 30 June 2021/1 July 2021 478 478 Net remeasurement of loss allowance (187) (187) Balance at 30 June 2022 291 291 293 DNeX INTEGRATED REPORT 2022
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