210 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS Kimlun Corporation Berhad (Incorporated in Malaysia) 35. 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 2024 Expected credit loss rate (%) 0.05% 0.00% 0.00% 1.98% 0.83% 0.00% 0.45% Estimated total gross carrying amount at default 382,802,417 321,669,669 52,567,565 11,531,173 12,046,253 41,980,286 79,303,274 519,098,220 Less: Receivables individually impaired - - - - - - (177,516) (177,516) Expected credit loss (190,000) - - (228,000) (100,000) (2,000) (352,908) (682,908) 382,612,417 321,669,669 52,567,565 11,303,173 11,946,253 41,978,286 78,772,850 518,237,796 Days past due Trade receivables - 90 -
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