FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 149 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 26 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (i) Trade receivables using simplified approach (continued) The following table contains an analysis of the credit exposure of trade receivables for which an ECL allowance is recognised, based on collective and individual impairment assessment: Group Current RM’000 Up to 30 days past due RM’000 31 days to 90 days past due RM’000 More than 91 days past due RM’000 Total RM’000 31 December 2023 Gross carrying amount 1,058,981 67,961 23,306 188,683 1,338,931 Individual impairment - credit impaired - - - (152,563) (152,563) 1,058,981 67,961 23,306 36,120 1,186,368 Expected credit loss rate 0% 0.2% 0.5% 36.9% Collective impairment (78) (107) (115) (13,341) (13,641) Carrying amount (net of loss allowance) 1,058,903 67,854 23,191 22,779 1,172,727 31 December 2022 Gross carrying amount 1,105,654 105,097 52,255 318,289 1,581,295 Individual impairment - credit impaired - (3,791) - (149,516) (153,307) 1,105,654 101,306 52,255 168,773 1,427,988 Expected credit loss rate 0% 0.1% 6.1% 6.8% Collective impairment (313) (143) (3,180) (11,422) (15,058) Carrying amount (net of loss allowance) 1,105,341 101,163 49,075 157,351 1,412,930
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