the liability for the group being equal to the fulfilment cash flows. A loss component is established by the Group for the liability for remaining coverage for such onerous group depicting the losses recognised. Where the Group has established a loss-recovery component, the Group subsequently reduces the loss recovery component to zero in line with reductions in the onerous group of underlying insurance contracts in order to reflect that the loss-recovery component shall not exceed the portion of the carrying amount of the loss component of the onerous group of underlying insurance contracts that the entity expects to recover from the group of reinsurance contracts held. Presentation The Group has presented separately, in the statement of financial position, the carrying amounts of portfolios of reinsurance contracts issued that areassets in Note 21 and portfolios of reinsurance contracts held that are liabilities in Note 23. 21 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONTINUED) NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 255 21 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONTINUED) Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Trade receivables 6,588.2 6,970.3 5,321.2 5,320.9 Staff advances/loans 55.7 52.4 40.4 38.4 Deposits and prepayments 397.0 892.7 68.7 436.2 Other receivables* 5,699.1 17,652.9 4,729.4 16,854.8 Rechargeable job orders debtors 308.2 306.4 201.2 172.1 Insurance contract assets 134.0 0 0 0 Advance payment to contractors 97.1 161.9 1.2 1.5 13,279.3 26,036.6 10,362.1 22,823.9 Impairment losses on: - Trade receivables (2,666.7) (3,002.6) (2,515.3) (2,854.8) - Others (204.4) (207.0) (139.1) (144.7) (2,871.1) (3,209.6) (2,654.4) (2,999.5) 10,408.2 22,827.0 7,707.7 19,824.4 The Group’s and the Company’s credit policies provide trade receivables with a range between 30 days to 90 days (2022: 30 days to 90 days) credit period. Credit risks relating to receivables are disclosed in Note 45(b) to the financial statements. * Included in other