| Trade receivables |
8. Trade receivables
| | |
As of | | |
As of | |
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2025 | |
| | |
MYR | | |
MYR | | |
USD | |
| Receivables from farm solutions sales | |
| | |
| | |
| |
| - from third parties | |
| 19,234,500 | | |
| 23,039,775 | | |
| 5,680,418 | |
| - from related parties | |
| 1,100,000 | | |
| – | | |
| – | |
| Receivables from vegetable sales | |
| | | |
| | | |
| | |
| - from third parties | |
| 16,693,373 | | |
| 46,283,324 | | |
| 11,411,076 | |
| - from related parties | |
| 32,841 | | |
| – | | |
| – | |
| Total trade receivables, gross | |
| 37,060,714 | | |
| 69,323,099 | | |
| 17,091,494 | |
| Less: loss allowances for expected credit loss | |
| (743,860 | ) | |
| (1,030,834 | ) | |
| (254,150 | ) |
| Total trade receivables, net | |
| 36,316,854 | | |
| 68,292,265 | | |
| 16,837,344 | |
Aging analysis of gross trade receivables, based
on the date of revenue recognition, as of December 31, 2024 and 2025 are as follows:
| | |
As of | | |
As of | |
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2025 | |
| | |
MYR | | |
MYR | | |
USD | |
| Within 3 months | |
| 30,278,889 | | |
| 35,904,817 | | |
| 8,852,272 | |
| More than 3 months but within 6 months | |
| 3,010,069 | | |
| 6,543,098 | | |
| 1,613,190 | |
| More than 6 months but within 1 year | |
| 2,470,419 | | |
| 26,409,471 | | |
| 6,511,211 | |
| More than 1 year | |
| 1,301,337 | | |
| 465,713 | | |
| 114,821 | |
| Total trade receivables, gross | |
| 37,060,714 | | |
| 69,323,099 | | |
| 17,091,494 | |
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, 2025, credit terms
for retail outlet customers are due within 30 to 60 days (2024: 30 to 60 days), while credit terms for industrial business customers are
due within 30 to 104 days (2024: 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 14(a)(i).
|