NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 12. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 (c) Allowance for impairment losses: At 1 April 19,111 9,069 – – Addition during the financial year:- - other receivable (Note 32) 3,271 3,042 – – - deposit (Note 33) – 7,000 – – Reversal during the financial year:- - other receivable (Note 32) (12,111) – – – - deposits (Note 33) (7,000) – – – At 31 March 3,271 19,111 – – THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 (d) Costs to secure contracts: Incremental costs of obtaining a contract At the beginning of the year 45,812 40,829 – – Add: Incurred during the financial year 94,799 79,293 – – 140,611 120,122 – – Less: Cost recognised in profit or loss during the financial year (104,187) (74,310) – – At the end of the year 36,424 45,812 – – C osts to secure contracts relating to sales agent commission, contract coordinator costs and legal costs incurred to secure sales of property units are recognised in the profit or loss in proportion to the income recognised for the respective financial years. FINANCIAL STATEMENTS 177 INTEGRATED ANNUAL REPORT 2024
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