226 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 12. FINANCING RECEIVABLES (CONT’D) The following table provides information about the exposure to credit risk and allowance for ECLs for financing receivables: Gross amount ECLs Net amount RM’000 RM’000 RM’000 Group 2024 Not past due 209,312 - 209,312 Past due: Less than 30 days 94 - 94 31 to 60 days 92 - 92 61 to 90 days 239 - 239 Past due more than 90 days 1,974 (1,974) - 211,711 (1,974) 209,737 2023 Not past due 251,321 - 251,321 Past due: Less than 30 days 213 - 213 31 to 60 days 37 - 37 61 to 90 days 22 - 22 Past due more than 90 days 1,697 (1,697) - 253,290 (1,697) 251,593 Financing receivables are loan receivables from third parties arising from the financing of goods sold and have maturity of 2 to 10 years (2023: 2 to 10 years). These receivables are unsecured and bearing interest at rate ranged from 3.94% to 9.50% (2023: 3.94% to 9.50%) per annum. They are recognised at their original invoice amounts which represent their fair values on initial recognition. 13. INVENTORIES Group 2024 2023 RM’000 RM’000 At cost Used motor vehicles 822 1,559 Finished goods 1,656 24,220 2,478 25,779 Recognised in profit or loss: Inventories recognised as cost of sales 2,955 16,562 Inventories written down 1 99 Reversal of inventories written down (45) (49)
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