26 RECEIVABLES (CONTINUED) The receivables are denominated as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 – Ringgit Malaysia 817,482 765,546 7,212 12,022 – United States Dollar 674,362 723,511 – – – Thai Baht 5,408 2,728 – – – Pakistan Rupee 1,101 460 – – – Singapore Dollars 527 451 – – – Indian Rupee 193 196 – – – Euro 175 179 – – – Indonesian Rupiah 98 92 – – 1,499,346 1,493,163 7,212 12,022 The credit terms of trade receivables are up to 90 days (2023: 90 days). (a) Reconciliation of loss allowance (i) Trade receivables using simplified approach The loss allowance for trade receivables as at 31 December 2024 reconciles to the opening loss allowance balance as follows: Non-credit impaired Credit impaired Total Group RM’000 RM’000 RM’000 Opening loss allowance as at 1 January 2023 15,058 153,307 168,365 (Decrease)/increase in loss allowance (net) (1,283) 305 (978) Write-offs (134) (4,341) (4,475) Foreign exchange movements – 3,292 3,292 Loss allowance as at 31 December 2023/1 January 2024 13,641 152,563 166,204 Transfer (9,832) 9,832 – (Decrease)/increase in loss allowance (net) (543) 1,450 907 Write-offs – (52) (52) Foreign exchange movements – (1,834) (1,834) Closing loss allowance as at 31 December 2024 3,266 161,959 165,225 FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 136
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