(0.1) 0 0 (0.1) Impairment loss recognised (0.1) 0 0 (0.1) Impairment loss reversed 0.1 0 0 0.1 As at the end of the financial year (0.1) 0 0 (0.1) NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 323 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (iii) Non-trade receivables (continued) • Other non-trade receivables, amounts due from associates and joint ventures (continued) Impairment losses (continued) The loss allowances for amounts due from joint ventures using the general 3-stage approach reconciled to the opening loss allowances for that provision are as follows: Stage 1 RM’million Stage 2 RM’million Stage 3 RM’million Total RM’million Group 2023 As at the beginning of the financial year (12.3) 0 0 (12.3) Impairment loss recognised (7.8)0 0 (7.8) Impairment loss reversed 0.3 0 0 0.3 As at the end of the financial year (19.8) 0 0 (19.8) 2022 As at the beginning of the financial year (22.2) 0 0 (22.2) Impairment loss recognised (3.8) 0 0 (3.8) Impairment loss reversed 13.7 0 0 13.7 As at the end of the financial year (12.3) 0 0 (12.3) The impact on the carrying value of other non-trade receivables presented by the stages are as follows: Stage 1 RM’million Stage 2 RM’million Stage 3 RM’million Total RM’million Group 2023 Gross carrying amount 840.3 59.4 171.9 1,071.6 Less: Loss allowances (27.8) (1.2) (189.8) (218.8) Net carrying amount 812.5 58.2 (17.9) 852.8 2022 Gross carrying amount 944.6 66.8 193.4 1,204.8 Less: Loss allowances (28.2) (1.2) (192.3) (221.7) Net carrying amount 916.4 65.6 1.1 983.1 Company 2023 Gross carrying amount 28.2 145.3 152.9 326.4 Less: Loss allowances (8.6) (0.8) (143.6) (153.0) Net carrying amount 19.6 144.5 9.3 173.4 2022 Gross carrying amount 89.1 26.8 158.5 274.4 Less: Loss allowances (20.3) (0.8) (138.3) (159.4) Net carrying amount 68.8 26.0 20.2 115.0 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 324 45 FINANCIAL INSTRUMENTS