Notes to the Financial Statements Year ended 31 December 2024 23 FINANCIAL INSTRUMENTS (continued) Credit risk (continued) Expected credit loss assessment (continued) Trade receivables (continued) The following table provides information about the exposure to credit risk and ECLs for trade receivables: Group Company Gross carrying amount Impairment loss allowance Gross carrying amount Impairment loss allowance $’000 $’000 $’000 $’000 2024 Current (not past due) 38,372 – 3,693 – 1 – 30 days past due 15,041 – 129 – 31 – 60 days past due 3,199 – – – 61 – 90 days past due 12,957 (984) 29,453 – 69,569 (984) 33,275 – 2023 Current (not past due) 37,962 – 19 – 1 – 30 days past due 8,630 (1) 122 – 31 – 60 days past due 3,470 (3) – – 61 – 90 days past due 10,503 (809) 8,319 – 60,565 (813) 8,460 – Movements in allowance for impairment in respect of trade receivables The movement in the allowance for impairment in respect of trade receivables during the year was as follows: Group 2024 2023 $’000 $’000 Balance at 1 January 813 910 Impairment loss recognised 179 64 Amounts written off – (150) Translation differences (8) (11) Balance at 31 December 984 813 Other receivables The Group assesses on a forward-looking basis for the expected credit losses associated with financial assets at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Group considers that the credit risk for these counterparties has not increased. 214 PERENNIAL HOLDINGS PRIVATE LIMITED
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