Kimlun Corporation Berhad (Incorporated in Malaysia) 34. Financial risk management objectives and policies (cont'd) (a) Credit risk (cont'd) Contract 1 - 30 31 - 60 61 - 90 91 - 120 > 120 assets Current days days days days days Total Group RM RM RM RM RM RM RM RM 31 December 2023 Expected credit loss rate (%) 0.07% 0.00% 0.76% 0.22% 0.00% 0.00% 0.29% Estimated total gross carrying amount at default 307,777,870 205,108,735 42,720,891 31,218,189 11,285,795 9,443,478 101,932,654 401,709,742 Less: Receivables individually impaired (25,391,137) - - - - - (18,305,689) (18,305,689) Expected credit loss (190,000) - (325,000) (68,000) - - (238,758) (631,758) 282,196,733 205,108,735 42,395,891 31,150,189 11,285,795 9,443,478 83,388,207 382,772,295 Days past due Trade receivables - 86 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 178
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