168 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 29 FINANCIAL RISK MANAGEMENT (continued) Credit risk (continued) Trade receivables (continued) Expected credit loss assessment for tenants The credit quality of trade receivables is assessed based on credit policies established by the Group. Trade receivables with high credit risk will be identified and monitored by the respective property management team. The Group’s risk exposure in relation to trade receivables are set out in the provision matrix as follows: Not past due Past due Not under deferment scheme Under deferment scheme Within 30 days 31 to 90 days More than 90 days Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Group Trade receivables 9,413 – 5,840 2,573 3,686 21,512 Loss allowance 1 – 8 26 485 520 Expected loss rate 0.0% – 0.1% 1.0% 13.2% Trust Trade receivables 2,483 – 3,300 1,078 506 7,367 Loss allowance – – 5 22 67 94 Expected loss rate 0.0% – 0.2% 2.0% 13.2% 2023 Group Trade receivables 16,675 1,587 874 441 928 20,505 Loss allowance 5 – – 6 271 282 Expected loss rate 0.0% 0.0% 0.0% 1.4% 29.2% Trust Trade receivables 4,236 167 753 195 69 5,420 Loss allowance – – – 6 12 18 Expected loss rate 0.0% 0.0% 0.0% 3.1% 17.4% No ageing analysis of other receivables are presented as the majority of outstanding balances as at 31 December 2024 and 31 December 2023 are current.
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