31 December 2023 FINANCIAL STATEMENTS Sec 5 311 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) Net reversal/(losses) on impairment of financial instruments are mainly from: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Net reversal/(losses) on: Trade receivables - recognised in profit or loss (105.1) (163.2) (93.7) (156.7) - reversed 240.2 13.9 232.4 0 Trade contract assets - recognised in profit or loss (33.8) (37.7) (23.1) (34.4) - reversed 22.6 71.0 19.3 64.0 Investment in unquoted debt security - recognised in profit or loss (6.0) (3.1) (6.0) (3.1) - reversed 2.9 5.4 2.9 5.4 Intercompany balances - recognised in profit or loss 0 0 (163.7) (66.1) - reversed 0 0 163.0 210.8 Other non-trade receivables - recognised in profit or loss (11.8)(20.7) (0.9) (17.5) - reversed 14.7 42.6 7.3 26.6 Amounts due from associates - recognised in profit or loss (0.1) (0.1) (0.1) (0.1) - reversed 0.1 0.1 0.1 0.1 Amounts due from joint ventures - recognised in profit or loss (7.8) (3.8) 0 0 - reversed 0.3 13.7 0 0 Financial guarantee contracts - recognised in profit or loss (1.5) (37.6) (4.2) (37.6) - reversed 0 18.1 0 18.8 114.7 (101.4) 133.3 10.2 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 312 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (i) Trade receivables and trade contract assets Risk management objectives, policies and processes for managing the risk The Group and the Company have a credit policy in place and the exposures to credit risk are monitored on an ongoing basis. Normally, financial guarantees given by banks, shareholders or directors of customers are obtained, and credit evaluations are performed on customers requiring credit over a certain amount. Exposure to credit risk, credit quality and collateral The Group’s and the Company’s credit policy provide trade receivables with a 30 to 90 days (2022: 30 to 90