Notes tothe financial statements For the financial year ended 31 December 2023 24. Receivables (cont’d) Other receivables from related parties and receivables from subsidiary companies are unsecured, interest-free and are generally settled within the next 12 months in cash. The Group and Company’s receivables denominated in foreign currencies are as follows: Group Company 2023 2022 2023 2022 Rp million Rp million Rp million Rp million US Dollars 22,470 369,800 – – Others 808 1,158 808 1,158 Receivables that are past due but not impaired The Group has the following trade receivables that are past due at the end of the reporting period but not impaired. These receivables are unsecured and the analysis of their aging at the end of the reporting period are as follows: Group 2023 2022 Rp million Rp million Past due but not impaired: 1 - 30 days 168,914 240,903 31 - 60 days 8,917 14,828 61 - 90 days 6,018 4,440 More than 90 days 39,168 41,291 223,017 301,462 Receivables that are impaired The Group’s trade receivables that are collectively impaired at the balance sheet date and the movement of the allowance account used to record the impairment are as follows: Group 2023 2022 Rp million Rp million As at 1 January 175 148 (Write-back)/allowance for the year (122) 27 As at 31 December 53 175 Expected Credit Loss The Group had assessed that the expected credit loss allowance for trade and other receivables (except plasma receivables) is not significant and hence, accordingly no allowance was made. Information regarding the allowance for the plasma receivables is disclosed in Note 32(a). 132 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
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