NOTES TO THE FINANCIAL STATEMENTS 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 31 December 2024/ 1 January 2025 11,906 49,423 20 14,925 76,274 Net remeasurement of loss allowance (10,597) 1,877 254 424 (8,042) Written off (3) (9,910) - (294) (10,207) Reclassification 1,711 (1,711) (89) 89 - Foreign currency translation 922 (556) - - 366 Balance at 31 December 2025 3,939 39,123 185 15,144 58,391 Company Receivables Credit impaired RM’000 Total RM’000 Balance at 1 January 2024/31 December 2024/31 December 2025 291 291 Receivables and contract assets that are individually determined to be impaired relate to debtors who are in significant financial difficulties and have defaulted on payments. These debtors are not secured by any collateral or credit enhancements. Cash and cash equivalents The cash and cash equivalents are held with banks and financial institutions. As at the end of the reporting period, the maximum exposure to credit risk is represented by their carrying amounts in the statements of financial position. These banks and financial institutions have low credit risks. In addition, some of the bank balances are insured by government agencies. Consequently, the Group and the Company are of the view that the loss allowance is not material and hence, it is not provided for. Inter-company balances Risk management objectives, policies and processes for managing the risk The Company provides unsecured loans and advances to subsidiaries. The Company monitors the ability of the subsidiaries to repay the loans and advances on an individual basis. 35. FINANCIAL INSTRUMENTS (CONTINUED) 35.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses (continued) DNeX INTEGRATED REPORT 2025 206 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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