Dagang NeXchange Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 172 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.4 Credit risk (continued) Receivables and contract assets (continued) Recognition and measurement of impairment losses The following table provides information about the exposure to credit risk and the expected credit losses (“ECLs”) for receivables and contract assets (excluding prepayments) which are grouped together as they are expected to have similar risk nature. Group Gross- Impairment loss Net carrying amount allowances balances 2019 RM’000 RM’000 RM’000 Current (not past due) 132,318 276 132,042 31 - 60 days past due 7,817 274 7,543 61 - 90 days past due 5,072 166 4,906 More than 90 days past due 19,963 2,181 17,782 165,170 2,897 162,273 Credit impaired Individually impaired 5,678 5,678 - 170,848 8,575 162,273 Trade and other receivables 87,342 8,516 78,826 Contract assets 83,506 59 83,447 170,848 8,575 162,273 2018 Current (not past due) 135,110 1,478 133,632 31 - 60 days past due 22,780 669 22,111 61 - 90 days past due 889 105 784 More than 90 days past due 43,808 1,301 42,507 202,587 3,553 199,034 Credit impaired Individually impaired 7,065 7,065 - 209,652 10,618 199,034 Trade and other receivables 132,667 10,568 122,099 Contract assets 76,985 50 76,935 209,652 10,618 199,034 The movements in the allowance for impairment in respect of receivables and contract assets (excluding prepayments) during the financial year are shown below.