Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

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Financial risk management (continued)

(b)

Credit risk (continued)

(i)

Trade receivables (continued)

The Group’s credit risk exposure in relation to trade receivables under SFRS(I) 9 as at 30 June 2021 and 2020 is set out in the provision matrix as follows:

Gross amount S$’000

Loss allowance

Carrying amount S$’000

S$’000

Group 2021 Not past due

19

- - - - - - - - - - - - - -

19

< 30 days past due

- - - - - -

- - - - - -

30 days to 60 days past due 60 days to 90 days past due 90 days to 180 days past due 180 days to 365 days past due

> 365 days past due

19

19

2020 Not past due

-

-

< 30 days past due

20

20

30 days to 60 days past due 60 days to 90 days past due 90 days to 180 days past due 180 days to 365 days past due

- - -

- - -

38

38 80

> 365 days past due

135 193

(55) (55)

138

(ii)

Other receivables

The Group and the Company use the general approach for assessment of ECLs for these financial assets. Under the general approach, the loss allowance is measured at an amount equal to 12-month ECL at initial recognition. At each balance sheet date, the Group and the Company assess whether the credit risk of a financial instrument has increased significantly since initial recognition. When credit risk has increased significantly since initial recognition, the loss allowance is measured at an amount equal to lifetime ECL.

ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED

112