32
MIGHT Directors’ Report And Audited Financial Statements 2020
9. TRADE AND OTHER RECEIVABLES (continued) (g) The ageing analysis of trade receivables of the Group and of the Company are as follows: (continued)
GROSS CARRYING AMOUNT RM
IMPAIRMENT LOSS RM
NET CARRYING AMOUNT RM
GROUP
31 December 2020 Current 1 to 90 days More than 90 days
-
-
-
177,948 2,985,928
177,948 3,580
-
(2,982,348)
3,163,876
(2,982,348)
181,528
31 December 2019 Current 1 to 90 days More than 90 days
77,400 30,620 2,699,211
77,400 30,620 333,954
- -
(2,365,257)
2,807,231
(2,365,257)
441,974
The reconciliation of movements of impairment loss for trade and other receivables at the end of each reporting period are as follows: (h)
2020 GROUP
CREDIT IMPAIRED RM
TOTAL ALLOWANCE RM
LIFETIME ECL ALLOWANCE* RM
Trade receivables As at 1 January 2020 Charge for the financial year As at 31 December 2020 Other receivables As at 1 January 2020 Charge for the financial year As at 31 December 2020 Associate As at 1 January 2020 Charge for the financial year As at 31 December 2020
2,390,257 617,091 3,007,348 1,722,625 1,482,172 3,204,797
2,390,257 617,091 3,007,348 1,722,625 1,482,172 3,204,797
- - -
- - -
15,440 213,234 228,674
15,440 213,234 228,674
- - -
*The e ects of expected credit loss is insignificant.
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