34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Inter-company balances (continued) Recognition and measurement of impairment losses (continued) The following table provides information about the exposure to credit risk and ECLs for subsidiaries’ loans and advances. Gross carrying Loss Net amount allowances balances Company RM’000 RM’000 RM’000 31.12.2024 Low credit risk 793,868 - 793,868 Significant increase in credit risk 9,758 (7,297) 2,461 Credit impaired 90,195 (90,195) - 893,821 (97,492) 796,329 31.12.2023 Low credit risk 569,156 - 569,156 Significant increase in credit risk 57,090 (22,610) 34,480 Credit impaired 6,172 (6,172) - 632,418 (28,782) 603,636 The movement in the allowance for impairment in respect of subsidiaries’ loans and advances during the year/period are as follows: Lifetime Credit ECL impaired Total Company RM’000 RM’000 RM’000 Balance at 1 July 2022 15,179 13,177 28,356 Net remeasurement of loss allowance 7,431 (7,005) 426 Balance at 31 December 2023/1 January 2024 22,610 6,172 28,782 Net remeasurement of loss allowance (21,485) 90,195 68,710 Reclassification 6,172 (6,172) - Balance at 31 December 2024 7,297 90,195 97,492 188 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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