150 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 26 RECEIVABLES (CONTINUED) (a) Reconciliation of loss allowance (continued) (ii) Other receivables and deposits using general 3 stage approach The loss allowance for other receivables and deposits as at 31 December 2023 reconciles to the opening loss allowance for that provision as follows: Group Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Opening loss allowance as at 1 January 2022 - 8,483 21,155 29,638 Increase in loss allowance (net) - 10,069 1,023 11,092 Write-offs - (8,219) - (8,219) Foreign exchange movements - - 146 146 Loss allowance as at 31 December 2022/ 1 January 2023 - 10,333 22,324 32,657 (Decrease)/increase in loss allowance (net) - (2,855) 1,100 (1,755) Transfer - (6,080) 6,080 - Foreign exchange movements - - 131 131 Closing loss allowance as at 31 December 2023 - 1,398 29,635 31,033 Group Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 31 December 2023 Gross carrying amount 128,074 8,174 29,635 165,883 Loss allowance - (1,398) (29,635) (31,033) Carrying amount (net of loss allowance) 128,074 6,776 - 134,850 31 December 2022 Gross carrying amount 129,861 21,470 22,324 173,655 Loss allowance - (10,333) (22,324) (32,657) Carrying amount (net of loss allowance) 129,861 11,137 - 140,998
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