227 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 13. INVENTORIES (CONT’D) The inventories written down is made when the related inventories were obsolete. The reversal of inventories written down was made when the related inventories were sold above their carrying amounts. Material accounting policy information Inventories are measured at the lower of cost and net realisable value. The cost of inventories is determined based on a first-in-first out basis. 14. TRADE RECEIVABLES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Trade receivables 350,456 341,044 3,176 9,072 Less: Allowance for ECLs (2) (16) - - 350,454 341,028 3,176 9,072 The Group’s and the Company’s normal trade credit terms range from cash terms to 180 (2023: cash terms to 180) days. Other credit terms are assessed and approved on a case-by- case basis. Movements in the allowance for ECLs are as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 At beginning of the financial year 16 31 - - Charge for the financial year 1 16 - - Reversal for the financial year (15) (31) - - At end of the financial year 2 16 - - The following table provides information about the exposure to credit risk and allowance for ECLs for trade receivables: Gross amount ECLs Net amount RM’000 RM’000 RM’000 Group 2024 Not past due 142,295 - 142,295 Past due: Less than 30 days 23,587 - 23,587 31 to 60 days 9,597 - 9,597 61 to 90 days 7,683 - 7,683 Past due more than 90 days 167,294 (2) 167,292 350,456 (2) 350,454
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