137 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 29 AMOUNTS DUE FROM/(TO) ULTIMATE HOLDING COMPANY, SUBSIDIARIES, JOINT VENTURES, AN ASSOCIATE AND OTHER RELATED COMPANIES (CONTINUED) (a) Reconciliation of loss allowance (continued) Trade amounts due from ultimate holding company, joint ventures and other related companies using simplified approach The loss allowance for trade amounts due from ultimate holding company, joint ventures and other related companies as at 31 December 2021 reconciles to the opening loss allowance balance as follows: Non-credit Credit impaired impaired Total Group RM’000 RM’000 RM’000 Opening loss allowance as at 1 January 2020 10,071 22,711 32,782 Decrease in loss allowance (net) (4,273) (9,092) (13,365) Loss allowance as at 31 December 2020/1 January 2021 5,798 13,619 19,417 Increase/(decrease) in loss allowance (net) 151 (3,815) (3,664) Closing loss allowance as at 31 December 2021 5,949 9,804 15,753 The following table contains an analysis of the credit exposure trade amounts due from ultimate holding company, joint ventures and other related companies for which an ECL allowance is recognised, based on individual impairment assessment: Non-credit Credit impaired impaired Total Group RM’000 RM’000 RM’000 31 December 2021 Gross carrying amount 333,540 14,597 348,137 Individual assessment (5,949) (9,804) (15,753) Carrying amount (net of loss allowance) 327,591 4,793 332,384 31 December 2020 Gross carrying amount 143,404 41,476 184,880 Individual assessment (5,798) (13,619) (19,417) Carrying amount (net of loss allowance) 137,606 27,857 165,463 The decrease in the loss allowance for the financial year relates to decrease of ECL from amounts due from ultimate holding company and other related companies due to settlement of the long outstanding amounts during the financial year.
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