v3.25.2
Trade Receivables
 12 Months Ended
Dec. 31, 2024
Trade Receivables [Abstract]  
Trade receivables

8. Trade receivables

 

   As of   As of 
   December 31,   December 31, 
   2023   2024 
   MYR   MYR   USD 
Receivables from farm solutions sales               
- from third parties   8,412,500    19,234,500    4,303,502 
- from related parties   4,000,001    1,100,000    246,113 
Receivables from vegetable sales               
- from third parties   787,521    16,693,373    3,734,953 
- from related parties   2,041,690    32,841    7,348 
Total trade receivables, gross   15,241,712    37,060,714    8,291,916 
Less: loss allowances for expected credit loss   (82,597)   (743,860)   (166,430)
Total trade receivables, net   15,159,115    36,316,854    8,125,486 

 

Aging analysis of gross trade receivables, based on the date of revenue recognition, as of December 31, 2023 and 2024 are as follows:

 

   As of   As of 
   December 31,   December 31, 
   2023   2024 
   MYR   MYR   USD 
Within 3 months   13,191,314    30,278,889    6,774,559 
More than 3 months but within 6 months   808,830    3,010,069    673,469 
More than 6 months but within 1 year   950,796    2,470,419    552,728 
More than 1 year   290,772    1,301,337    291,160 
Total trade receivables, gross   15,241,712    37,060,714    8,291,916 

 

All trade receivables classified as current are expected to be recovered within one year based on historical collection and experience. Generally, as of December 31, 2024, credit terms for retail outlet customers are due within 30 to 60 days (2023: 30 to 60 days), while credit terms for industrial business customers are due within 30 to 104 days (2023: 30 days to 104 days), from the date of revenue recognition. Further details on the Group’s credit policy and credit risk arising from trade debtors are set out in note 15(a)(i).