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 other related companies as at 31 December 2024 as follows: Company Performing RM’000 Underperforming RM’000 Nonperforming RM’000 Total RM’000 Opening loss allowance as at 1 January 2023 – – – – Increase in loss allowance (net) – 1,287 – 1,287 Closing loss allowance as at 31 December 2023/ 31 December 2024 – 1,287 – 1,287 The following table contains an analysis of the credit exposure of amounts due from other 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 2024 Gross carrying amount 1,687 1,287 – 2,974 Loss allowance – (1,287) – (1,287) Carrying amount (net of loss allowance) 1,687 – – 1,687 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 Notes to the Financial Statements For the financial year ended 31 December 2024 143
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