23. TRADE AND OTHER RECEIVABLES (CONT’D.) Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Current Other receivables Sundry receivables (Note 23(b)(iv)) 96,546 150,928 12,055 13,338 Deposits (Note 23(b)(iii)) 64,665 42,994 17 619 Prepayments 9,805 9,834 – 177 Amounts due from: (Note 23(b)(ii)) - Subsidiaries – – 668,564 1,836,420 - Joint ventures 2,193 1,016 2 2 - Related party 29,256 – – – Less: Accumulated impairment losses (Note 23(b)(vi)) - Sundry receivables (20,806) (20,992) (8,859) (8,859) 181,659 183,780 671,779 1,841,697 394,739 358,252 703,176 1,871,502 Total trade and other receivables 400,736 364,019 1,336,885 2,617,391 (a) Trade receivables The Group’s and the Company’s normal trade credit term ranges from 7 to 180 days (2023: 7 to 180 days) and 30 days (2023: 30 days) respectively. Other credit terms are assessed and approved on a case-to-case basis. Trade receivables are non-interest bearing and are recognised at their original invoice amounts which represent their fair values on initial recognition. The Group and the Company have no significant concentration of credit risk that may arise from exposures to a single debtor or to groups of debtors. Ageing analysis of trade receivables The ageing analysis of the Group’s and of the Company’s trade receivables are as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Neither past due nor impaired 133,373 107,324 2,248 452 1 to 30 days past due but not impaired 25,563 13,789 1,479 654 31 to 60 days past due but not impaired 3,715 6,519 1,549 670 61 to 90 days past due but not impaired 3,878 1,677 1,338 498 91 to 120 days past due but not impaired 2,739 7,639 1,549 1,206 More than 121 days past due but not impaired 43,812 37,524 23,234 26,325 Total past due but not impaired 79,707 67,148 29,149 29,353 Impaired 6,715 7,217 – – 219,795 181,689 31,397 29,805 FINANCIAL STATEMENTS & OTHER INFORMATION 303
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