notes to the financial statements 31 march 2025 (cont’d.) 20. Deferred tax (assets)/liabilities (cont’d.) For the purpose of presentaঞon in the consolidated statement of financial posiঞon, certain deferred tax assets and liabiliঞes have been offset in the table above. The following is the analysis of the deferred tax balances for financial reporঞng purposes: GROUP 2025 RM’000 2024 RM’000 Deferred tax assets (53,591) (39,852) Deferred tax liabiliঞes 48 48 (53,543) (39,804) 21. Trade receivables GROUP 2025 RM’000 2024 RM’000 Trade receivables 182,743 186,158 Stakeholder sum 91,008 68,964 Less: Allowance for impairment loss (53) (53) 273,698 255,069 The credit period granted by the Group is ranging from 14 to 60 days (2024: 14 to 60 days). The directors are of the opinion that trade receivables for the property purchasers should be recovered in full without material losses in the ordinary course of business as the legal ঞtle to the properঞes sold remained with the Group unঞl the purchase consideraঞon is fully seled and mainly related to progress billings to be seled by the purchasers or the purchasers’ end financiers. The Group does not hold any collateral over these balances. Concentraঞon of credit risk with respect to trade receivables is limited due to the Group’s large number of customers, which are widely distributed and covers a broad range of end markets. 196 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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