My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 185 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 14. FINANCING RECEIVABLES (CONT’D) The Group 2020 2019 RM’000 RM’000 Allowance for impairment losses under MFRS 9 At 1 January 2020/1 October 2018 1,563 549 Addition during the financial year/period (Note 36) 602 1,014 At 31 December 2020/2019 2,165 1,563 The maturity of the financing receivables is as follows:- Not later than 1 year 34,378 34,047 Later than 1 year and not later than 5 years 125,619 161,561 Later than 5 years 79,627 134,640 239,624 330,248 Less: Unearned profit (9,993) (11,217) 229,631 319,031 Analysed as follows:- Current 32,964 30,674 Non-Current 196,667 288,357 229,631 319,031 15. INVENTORIES The Group 2020 2019 RM’000 RM’000 Used motor vehicles 476 692 Finished goods 2,952 2,553 3,428 3,245 Recognised in profit or loss:- Amount written down to net realisable value 69 31 Reversal of inventories previously written down (17) (52) Inventories recognised as cost of sales 15,506 31,395