5,321.2 5,320.9 Trade contract assets 4,495.0 3,623.0 4,265.1 3,464.4 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 313 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (i) Trade receivables and trade contract assets (continued) Impairment losses The loss allowance for the trade receivables and the trade contract assets are as follows: Gross RM’million Individual impairment RM’million Expected loss rate % Collective impairment RM’million Net RM’million 2023 Group Not past due 1,813.5 (1.8) 0.6 (10.8) 1,800.9 Past due 0-30 days 419.8 (0.2) 3.8 (16.1) 403.5 Past due 31-120 days 692.0 (4.0) 12.0 (82.4) 605.6 Past due 121-240 days 397.9 (11.6) 33.7 (130.0) 256.3 Past due 241-365 days 279.0 (38.0) 53.6 (129.2) 111.8 Past due more than 365 days 2,986.0 (1,592.9) 46.6 (649.7)743.4 Trade receivables 6,588.2 (1,648.5) (1,018.2) 3,921.5 Trade contract assets 4,495.0 (0.8) 1.1 (47.4) 4,446.8 Company Not past due 1,414.1 (1.4) 0.4 (5.5) 1,407.2 Past due 0-30 days 316.9 (0.1) 4.3 (13.5) 303.3 Past due 31-120 days 550.7 (4.0) 13.1 (71.4) 475.3 Past due 121-240 days 326.0 (11.6) 35.7 (112.1) 202.3 Past due 241-365 days 230.5 (37.9) 59.2 (114.0) 78.6 Past due more than 365 days 2,483.0 (1,587.0) 62.8 (556.8) 339.2 Trade receivables 5,321.2 (1,642.0) (873.3) 2,805.9 Trade contract assets 4,265.1 (0.8) 0.9 (37.4) 4,226.9 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 314 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (i) Trade receivables and trade contract assets (continued) Impairment losses (continued) The loss allowance for the trade receivables and the trade contract assets are as follows: (continued) Gross RM’million Individual impairment RM’million Expected loss rate % Collective impairment RM’million Net RM’million 2022 Group Not past due 1,646.4 (22.1) 0.6 (9.2) 1,615.1 Past due 0-30 days 398.5 (1.1) 4.3 (16.9) 380.5 Past due