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 ECLs for receivables and contract assets (excluding prepayments) which are grouped together as they are expected to have similar risk nature. Gross carrying Loss Net amount allowances balances Group RM’000 RM’000 RM’000 31.12.2024 1 - 30 days 160,339 (3,817) 156,522 31 - 60 days 3,157 (42) 3,115 61 - 90 days 420 (15) 405 More than 90 days 10,951 (8,052) 2,899 174,867 (11,926) 162,941 Credit impaired Individually impaired 64,348 (64,348) - 239,215 (76,274) 162,941 Trade and other receivables 201,628 (61,329) 140,299 Contract assets 37,587 (14,945) 22,642 239,215 (76,274) 162,941 31.12.2023 1 - 30 days 260,772 (39) 260,733 31 - 60 days 3,596 (19) 3,577 61 - 90 days 13,895 (23) 13,872 More than 90 days 17,226 (12,872) 4,354 295,489 (12,953) 282,536 Credit impaired Individually impaired 57,499 (57,499) - 352,988 (70,452) 282,536 Trade and other receivables 328,922 (55,518) 273,404 Contract assets 24,066 (14,934) 9,132 352,988 (70,452) 282,536 185 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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