22. TRADE AND OTHER RECEIVABLES (CONTD.) Group 2022 RM’000 2021 RM’000 Non-current Trade receivables (Note a) Third parties 686 – Retention receivables: Third parties 7,370 3,860 Related companies – 3,522 Trade receivables, net 8,056 7,382 Concession receivable (Note c) 99,310 106,095 Total 107,366 113,477 Company 2022 RM’000 2021 RM’000 Current Other receivables (Note b) Amounts due from subsidiaries 118,876 137,797 Amount due from related parties 443 200 Dividend receivable 6,000 – Deposits 1,987 2,023 Sundry receivables 507 828 127,813 140,848 Less: Allowance for ECL: Sundry receivables (216) (216) Subsidiaries (12,521) (29,028) (12,737) (29,244) 115,076 111,604 Non-current Loan to a subsidiary (Note b) – 107,082 22. TRADE AND OTHER RECEIVABLES (CONTD.) Movements in allowance for ECL: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 At 1 January 43,447 46,362 29,244 27,660 Charge for the year (Note 7) 5,375 2,328 – 1,584 Reversal of allowance (Note 5) (3,812) (334) (16,507) – Reclassification to asset held for sale (862) – – – Written off – (4,924) – – Exchange differences 9 15 – – At 31 December 44,157 43,447 12,737 29,244 (a) Trade receivables Trade receivables are non-interest bearing and are generally on 30 to 90 days (2021: 30 to 90 days) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. Ageing analysis of trade receivables The ageing analysis of the Group’s trade receivables is as follows: Group 2022 RM’000 2021 RM’000 Neither past due nor impaired 191,153 99,951 1 to 30 days past due from the credit terms but not impaired 101,349 202,732 31 to 60 days past due from the credit terms but not impaired 35,423 31,121 61 to 90 days past due from the credit terms but not impaired 23,988 14,291 91 to 120 days past due from the credit terms but not impaired 10,341 6,832 More than 121 days past due from the credit terms but not impaired 45,073 85,910 216,175 340,886 Impaired 41,180 40,717 448,508 481,554 Receivables that are neither past due nor impaired Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group. At the reporting date, approximately 8% (2021: 7%) of the Group’s trade receivables arose from current receivable balances with related companies, while approximately 19% (2021: 27%) of the Group’s trade receivables arose from current receivable balances with Ministry of Health (“MOH”). None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year. Receivables that are past due from the credit terms but not impaired The Group has trade receivables amounting to RM216.2 million (2021: RM340.9 million) that are past due from the credit terms at the reporting date but not impaired. The Group’s objectives, policies and processes of credit risk are as disclosed in Note 41(a). p.332 p.333 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
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