23. TRADE AND OTHER RECEIVABLES (CONT’D.) (b) Other receivables (cont’d.) (vi) Accumulated impairment losses Movements as follows: Group Company 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 At 1 January 20,806 20,992 8,859 8,859 Charge for the financial year 3,062 2,739 - - Reversal for the financial year (1,000) (2,925) - - Write off (289) - - - At 31 December 22,579 20,806 8,859 8,859 24. CONTRACT ASSETS Group 2025 RM’000 2024 RM’000 Accrued billings in respect of sales of development properties 452,066 401,534 Amounts due from contract customers (Note 24(a)) 758 1,003 Total contract assets 452,824 402,537 (a) Amounts due from contract customers Group 2025 RM’000 2024 RM’000 Aggregate cost incurred to date 45,505 42,703 Attributable profits 10,711 10,394 56,216 53,097 Less: Progress billings (55,458) (52,094) Amounts due from contract customers 758 1,003 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 332
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