156 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 27 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) (a) Reconciliation of loss allowance (continued) Amounts due from other related companies using general 3 stage approach The loss allowance for amounts due from related companies as at 31 December 2023 as follows: Company Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Closing loss allowance as at 31 December 2023 - 1,287 - 1,287 The following table contains an analysis of the credit exposure of amounts due from related companies for which an ECL allowance is recognised, based on individual impairment assessment: Company Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 31 December 2023 Gross carrying amount 1,537 1,287 - 2,824 Loss allowance - (1,287) - (1,287) Carrying amount (net of loss allowance) 1,537 - - 1,537 The following table contains an analysis of the credit exposure of amounts due from related companies for which an ECL allowance is recognised, based on individual assessment. Non-trade amounts due from joint ventures using general 3 stage approach The loss allowance for non-trade amounts due from joint ventures as at 31 December 2023 reconciles to the opening loss allowance balance as follows: Group Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Opening loss allowance as at 1 January 2023 - - 142,099 142,099 Decrease in loss allowance (net) - - (3,251) (3,251) Loss allowance as at 31 December 2023 - - 138,848 138,848
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