NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 44. FINANCIAL INSTRUMENTS (CONT’D) 44.1 FINANCIAL RISK MANAGEMENT POLICIES (CONT’D) (b) Credit Risk (Cont’d) (iii) Assessment of Impairment Losses (Cont’d) Trade Receivables and Contract Assets (Cont’d) Allowance for Impairment Losses The Group Gross Amount RM’000 Individual Impairment RM’000 Collective Impairment RM’000 Carrying Amount RM’000 2023 Current (not past due) 82,147 - - 82,147 1 to 30 days past due 36,689 - - 36,689 31 to 60 days past due 13,845 - - 13,845 61 to 90 days past due 11,237 - - 11,237 More than 90 days past due 125,800 (11) - 125,789 Trade receivables 269,718 (11) - 269,707 Contract assets 348,129 - - 348,129 617,847 (11) - 617,836 2022 Current (not past due) 97,183 - - 97,183 1 to 30 days past due 46,322 - - 46,322 31 to 60 days past due 39,381 - - 39,381 61 to 90 days past due 35,331 - - 35,331 More than 90 days past due 105,976 (11) - 105,965 Trade receivables 324,193 (11) - 324,182 Contract assets 293,323 - - 293,323 617,516 (11) - 617,505 The movements in the loss allowances in respect of trade receivables are disclosed in Notes 15 to the financial statements. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 227
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