148 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 26 RECEIVABLES (CONTINUED) The receivables are denominated as follows: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 - Ringgit Malaysia 765,546 936,780 12,022 7,603 - United States Dollar 723,511 797,971 - - - Indonesian Rupiah 92 687 - - - Thai Baht 2,728 2,105 - - - Pakistan Rupee 460 311 - - - Singapore Dollars 451 152 - - - Indian Rupee 196 341 - - - Euro 179 279 - - 1,493,163 1,738,626 12,022 7,603 The credit terms of trade receivables are up to 90 days (2022: 90 days). (a) Reconciliation of loss allowance (i) Trade receivables using simplified approach The loss allowance for trade receivables as at 31 December 2023 reconciles to the opening loss allowance balance as follows: Group Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 Opening loss allowance as at 1 January 2022 15,485 162,262 177,747 (Decrease)/increase in loss allowance (net) (394) 2,745 2,351 Write-offs (33) (15,340) (15,373) Foreign exchange movements - 3,640 3,640 Loss allowance as at 31 December 2022/1 January 2023 15,058 153,307 168,365 (Decrease)/increase in loss allowance (net) (1,283) 305 (978) Write-offs (134) (4,341) (4,475) Foreign exchange movements - 3,292 3,292 Closing loss allowance as at 31 December 2023 13,641 152,563 166,204
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