mainly arising from RJO debtors which are receivables from specific works requested by customers. Credit risk also arises from sundry deposits for rental of office spaces from third parties and rental receivables. The Company manages the credit risk together with the specific leasing arrangements. Staff advances and staff loans have low credit risk as these are mostly provided to existing staff. These balances are managed on a monthly basis. Amounts due from associates and joint ventures are mostly due to transactions within the Group and have a low credit risk. These balances are managed on a monthly basis. Exposure to credit risk, credit quality and collateral At the end of the financial year, the maximum exposure to credit risk is represented by their carrying amounts in the SOFP. TheCompany receives down payments, LOUs or indents for RJO debtors where works are requested by customers. In cases of RJO debtors arising from accidental damages to the Company’s assets whereby the third party is identifiable, these amounts are fully impaired as there is very low prospect of recovery. The Company receives deposits from third parties for rental of office spaces. For staff loans and staff advances, any repayment is done through monthly payroll deductions. The total other non-trade receivables, amounts due from associates and amounts due from joint ventures and impairments provided are as follows: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Other non-trade receivables 1,071.6 1,204.8 326.4 274.4 Less: Loss allowances (218.8) (221.7) (153.0) (159.4) 852.8 983.1 173.4 115.0 Amounts due from associates 395.6 666.4 5.3 5.7 Less: Loss allowances (7.3) (7.3) (0.1) (0.1) 388.3 659.1 5.2 5.6 Amounts due from joint ventures 42.5 56.9 0 0 Less: Loss allowances (19.8) (12.3) 0 0 22.7 44.6 0 0 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 321 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (iii) Non-trade