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ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

19. DERiVATiVE FiNANCiAL ASSETS AND LiABiLiTiES (CONTiNUED)
the outstanding forward exchange rate contracts as at 31 december 2023 were designated as hedges of firm
commitments with highly probable future payments and net revenue denominated in foreign currencies.
the terms of the cross-currency swap and forward exchange rate contracts were negotiated to match the terms of
the commitments. there were neither previous application nor expectation of the occurrence of hedge accounting in
relation to the said highly probable future transactions.

20. SUNDRY DEBTORS AND DEPOSiTS

Group KWAP
31 December 31 December 31 December 31 December
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000

deposit received 5,155 11,885 1,648 1,629
prepayment and advances 28,102 53,000 9,399 7,191
tax recoverable 46,905 36,480 37,479 35,108
other receivables 163,526 107,523 57,287 66,653

243,688 208,888 105,813 110,581

(a) Movements in allowance for sundry debtors and deposits
there was no allowance for impairment losses for sundry debtors and deposits during the year (2022: nil).

(b) impact of movements in the gross carrying amount on allowance for impairment losses

allowance for impairment losses reflected the ecl measured using the simplified approach under the mfrs 9,
as described in the significant accounting policies section.

there was no allowance for impairment losses during the year (2022: nil).
(c) Write-offs still under enforcement activity

there was no outstanding contractual amount written off during the year (2022: nil).

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