NOTES TO THE FINANCIAL STATEMENTS 35. FINANCIAL INSTRUMENTS (CONTINUED) 35.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) Group Gross carrying amount RM’000 Loss allowances RM’000 Net balances RM’000 2024 1 - 30 days 160,339 (3,817) 156,522 31 - 60 days 3,157 (42) 3,115 61 - 90 days 420 (15) 405 More than 90 days 10,951 (8,052) 2,899 174,867 (11,926) 162,941 Credit impaired Individually impaired 64,348 (64,348) - 239,215 (76,274) 162,941 Trade and other receivables 201,628 (61,329) 140,299 Contract assets 37,587 (14,945) 22,642 239,215 (76,274) 162,941 The movements in the allowance for impairment in respect of receivables and contract assets (excluding prepayments) during the financial year are shown below. Receivables Contract Assets Group Lifetime ECL RM’000 Credit impaired RM’000 Lifetime ECL RM’000 Credit impaired RM’000 Total RM’000 Balance at 1 January 2024 12,944 42,574 9 14,925 70,452 Net remeasurement of loss allowance 6,611 81 11 - 6,703 Reclassification (7,279) 7,279 - - - Foreign currency translation (370) (511) - - (881) 205 OPERATIONAL REVIEW SUSTAINABILITY STATEMENT GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION INTELLIGENCE POWERING
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