Notes to the Financial Statements For the financial year ended 31 December 2024 32 FINANCIAL RISK MANAGEMENT (continued) (c) Credit risk (continued) (ii) Other financial assets at amortised cost (continued) (b) The maximum exposure to credit risk for trade receivables and other financial assets excluding cash and cash equivalents (by business activities) at the reporting date was: 2024 2023 Trade receivables Other financial assets Trade receivables Other financial assets $’M $’M $’M $’M The Group (Note 12) (Note 12) Fee income-related business 94 508 88 493 Real estate investment business 68 1,150 123 782 Corporate and others – 25 1 42 162 1,683 212 1,317 (c) The credit quality of trade and other receivables is assessed based on credit policies established by management. The Group monitors customer credit risk by grouping trade and other receivables based on their characteristics. Trade and other receivables with high credit risk will be identified and monitored by the respective strategic business units. The Group’s credit risk exposure in relation to trade and other receivables under SFRS(I) 9 Financial Instruments as at 31 December 2024 and 31 December 2023 are set out in the table below: Past due Current (Not past due) Within 30 days 30 to 90 days More than 90 days Total $’M $’M $’M $’M $’M The Group 2024 Trade receivables 117 26 16 31 190 Loss allowance (4) (1) (1) (22) (28) Expected loss rate 3% 4% 6% 71% Other receivables (current) 148 – – – 148 Loss allowance (18) – – – (18) Expected loss rate 12% – – – Amounts due from associates (current) 133 58 20 45 256 Loss allowance – – – (*) (*) Expected loss rate – – – # Amounts due from joint ventures (current) 425 6 7 65 503 Loss allowance (8) (*) (*) (18) (26) Expected loss rate 2% 1% 1% 28% Amounts due from joint ventures (non-current) 350 – – – 350 Loss allowance (13) – – – (13) Expected loss rate 4% – – – No loss allowances were made for the following receivables: Other receivables (non-current) 172 – – – 172 Amounts due from associates (non-current) 204 – – – 204 Amounts due from related corporations (current) 6 7 3 33 49 Amounts due from investee 17 – – – 17 * Less than $1 million # Less than 1% 176 CapitaLand Investment Limited Notes to the Financial Statements For the financial year ended 31 December 2024 32 FINANCIAL RISK MANAGEMENT (continued) (c) Credit risk (continued) (ii) Other financial assets at amortised cost (continued) Past due Current (Not past due) Within 30 days 30 to 90 days More than 90 days Total $’M $’M $’M $’M $’M The Group 2023 Trade receivables 161 28 21 41 251 Loss allowance (2) (1) (2) (34) (39) Expected loss rate 1% 4% 10% 83% Other receivables (current) 159 – – – 159 Loss allowance (16) – – – (16) Expected loss rate 10.1% – – – Amounts due from associates (current) 132 23 12 33 200 Loss allowance – – – (*) (*) Expected loss rate – – – # Amounts due from joint ventures (current) 191 4 4 55 254 Loss allowance (11) (*) (*) (17) (28) Expected loss rate 6% 1% 1% 31% Amounts due from joint ventures (non-current) 412 – – – 412 Loss allowance (13) – – – (13) Expected loss rate 3.3% – – – Amounts due from related corporations (current) 12 9 8 42 71 Loss allowance – – – (*) (*) Expected loss rate – – – # No loss allowances were made for the following receivables: Other receivables (non-current) 32 – – – 32 Amounts due from associates (non-current) 189 – – – 189 Amounts due from investee 18 – – – 18 * Less than $1 million # Less than 1% The Company’s ageing analysis of amounts due from related corporations and subsidiaries are not presented as the outstanding balances as at 31 December 2024 and 31 December 2023 are current. 177 Annual Report 2024
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