Fraser & Neave Holdings Bhd Annual Report 2021

30. FINANCIAL INSTRUMENTS #CONTINUED$ #D$ CREDIT RISK #CONTINUED$ Trade receivables (continued) Recognition and measurement of impairment losses (continued) The following table provides information about the exposure to credit risk and ECLs for trade receivables as at the end of the financial year which are grouped together as they are expected to have similar risk nature. 2021 2020 Group Gross carrying amount RM’000 Loss allowances RM’000 Net balance RM’000 Gross carrying amount RM’000 Loss allowances RM’000 Net balance RM’000 Current (not past due) 347,178 (399) 346,779 387,007 (607) 386,400 1-30 days past due 62,554 (647) 61,907 46,733 (187) 46,546 31-60 days past due 4,964 (527) 4,437 5,293 (382) 4,911 61-90 days past due 1,015 (419) 596 656 (187) 469 415,711 (1,992) 413,719 439,689 (1,363) 438,326 Credit impaired More than 90 days past due 2,481 (808) 1,673 5,855 (640) 5,215 Individually impaired 770 (770) – 619 (619) – 418,962 (3,570) 415,392 446,163 (2,622) 443,541 There are trade receivables where the Group has not recognised any loss allowance as the trade receivables are supported by collateral such as bank guarantees, properties and other credit enhancement in managing exposure to credit risk. The movements in the allowance for impairment in respect of trade receivables during the financial year are shown below: Group Lifetime ECL RM’000 Credit impaired RM’000 Total RM’000 Balance at 1 October 2019 2,003 584 2,587 Amount written o! – (381) (381) Net remeasurement of loss allowance – 416 416 Balance at 30 September 2020/1 October 2020 2,003 619 2,622 Amount written o! – (312) (312) Net remeasurement of loss allowance 797 341 1,138 Acquisition through business combination – 122 122 Balance at 30 September 2021 2,800 770 3,570 As at 30 September 2021, RM312,000 (2020: RM381,000) of trade receivables were written o! but they are still subject to enforcement activity. 234 NOTES TO THE F INANCIAL STATEMENTS