My EG Services Berhad Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 33. NET REVERSAL ON IMPAIRMENT OF FINANCIAL ASSETS Group 2023 2022 RM’000 RM’000 Allowance for ECLs: - financing receivables 59 - - trade receivables 16 - Reversal of allowance for ECLs: - financing receivables (343) (423) - trade receivables (31) (14) - other receivables (1) (2) (300) (439) 34. FINANCE COSTS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Interest expenses of financial liabilities not at FVTPL - term loans 7,704 4,952 7,226 4,952 - revolving credit 5,715 2,124 4,151 1,582 - sukuk wakalah 22,938 - 22,938 - - block discounting 1,552 1,021 - - - lease liabilities 2,049 1,144 14 - - bank guarantee 1 - - - 39,959 9,241 34,329 6,534 ANNUAL REPORT 2023 233 FINANCIAL STATEMENTS

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