164 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 32 CONTRACT ASSETS (CONTINUED) The following table contains an analysis of the credit exposure of contract assets for which an ECL allowance is recognised, based on individual impairment assessment: Group Non-credit impaired RM’000 Credit impaired RM’000 Total RM’000 31 December 2023 Gross carrying amount 27,600 - 27,600 Loss allowance (1,461) - (1,461) Carrying amount (net of loss allowance) 26,139 - 26,139 31 December 2022 Gross carrying amount 49,280 - 49,280 Loss allowance (1,982) - (1,982) Carrying amount (net of loss allowance) 47,298 - 47,298 33 LOANS DUE FROM SUBSIDIARIES Company 2023 RM’000 2022 RM’000 At 1 January 207,011 216,830 Additions 1,238,897 864,573 Repayment (955,600) (874,392) At 31 December 490,308 207,011 The loans are denominated as follows: Company 2023 RM’000 2022 RM’000 - Ringgit Malaysia 490,308 207,011 490,308 207,011 Financing terms of short term loans due from subsidiaries are between 30 to 365 days (2022: 30 to 365 days) with interest ranging from 3.83% to 5.78% (2022: 2.85% to 5.40% per annum).
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