22. TRADE AND OTHER RECEIVABLES (CONTD.) (a) Trade receivables Trade receivables are non-interest bearing and are generally on 30 to 90 days (2023: 30 to 90 days) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Group 2024 RM’000 2023 RM’000 Neither past due nor impaired 262,715 237,258 1 to 30 days past due from the credit terms but not impaired 99,623 99,624 31 to 60 days past due from the credit terms but not impaired 21,759 34,871 61 to 90 days past due from the credit terms but not impaired 23,074 13,170 91 to 120 days past due from the credit terms but not impaired 20,667 9,510 More than 121 days past due from the credit terms but not impaired 35,500 122,352 200,623 279,527 Impaired 45,544 44,396 508,882 561,181 Receivables that are neither past due nor impaired Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. At the reporting date, approximately 11% (2023: 11%) of the Group’s trade receivables arose from current receivable balances with related companies, while approximately 10% (2023: 18%) of the Group’s trade receivables arose from current receivable balances with Ministry of Health (“MOH”). None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year. Receivables that are past due from the credit terms but not impaired The Group has trade receivables amounting to RM200.6 million (2023: RM279.5 million) that are past due from the credit terms at the reporting date but not impaired. The Group’s objectives, policies and processes of credit risk are as disclosed in Note 41(a). (b) Other receivables Amounts due from subsidiaries and related parties As at 31 December 2024, amounts due from subsidiaries are non-trade related, repayable on demand and bears interest at a rate of 4.74% per annum (2023: ranging between 3.83% to 4.08% per annum). Amounts due from related parties are non-trade related, non-interest bearing and repayable on demand. All related companies balances are repayable on demand, unsecured and are to be settled in cash. Further details on related party transactions are disclosed in Note 39. Notes to the Financial Statements For the year ended 31 December 2024 333 FINANCIAL STATEMENTS
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