NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 41 FINANCIAL INSTRUMENTS (CONT’D) (i) Credit risk (cont’d) Expected credit loss assessment on trade receivables (cont’d) Group Company Gross carrying amount Impairment loss allowance Gross carrying amount Impairment loss allowance $’000 $’000 $’000 $’000 2025 Current (not past due) 209,833 3,053 517 – 1 – 30 days past due 53,232 194 1 – 31 – 60 days past due 9,080 339 1 – 61 – 90 days past due 2,846 185 – – More than 90 days past due 44,950 31,306 82 79 319,941 35,077 601 79 2024 Current (not past due) 264,431 2,160 557 – 1 – 30 days past due 45,486 113 15 – 31 – 60 days past due 8,095 163 – – 61 – 90 days past due 6,621 661 – – More than 90 days past due 48,850 25,186 153 153 373,483 28,283 725 153 Movements in allowance for impairment in respect of trade and other receivables and accrued receivables The movements in the allowance for impairment in respect of trade and other receivables (excluding amounts owing by subsidiaries (note 7), associates (note 8) and joint ventures (note 9)) and accrued receivables during the year are as follows: Group Lifetime ECL Company Lifetime ECL Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Allowance for impairment on trade receivables and accrued receivables At 1 January 28,283 31,246 153 150 Impairment loss recognised 8,287 14,515 – 14 Impairment loss utilised (1,415) (18,425) (74) (11) Acquisition of subsidiaries 147 144 – – Translation differences on consolidation (225) 803 – – At 31 December 35,077 28,283 79 153 Allowance for impairment on other receivables At 1 January 393,678 380,857 1,046 985 Impairment loss recognised 85 3,220 – – Impairment loss utilised – (56) – – Translation differences on consolidation (17,350) 9,657 48 61 At 31 December 16 376,413 393,678 1,094 1,046 There is no impairment loss on contract assets. At the reporting date, included in the allowance for impairment on other receivables is an amount of $364.9 million (2024: $381.7 million) relating to amounts owing by HCP Group, as described below. ANNUAL REPORT 2025 | 197
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