5. TRADE RECEIVABLES, NET
| | |
December 31, 2025 | | |
June 30, 2025 | |
| | |
RM | | |
RM | |
| | |
| | |
| |
| Trade receivables | |
| | |
| |
| - Third parties | |
| - | | |
| 41,820,000 | |
| | |
| | | |
| | |
| Impairment allowance | |
| | | |
| | |
| Balance as of July 1, 2025 | |
| - | | |
| (94,000 | ) |
| Reversal | |
| - | | |
| (94,000 | ) |
| Balance as of December 31, 2025 / June 30, 2025 | |
| - | | |
| - | |
| | |
| | | |
| | |
| Net balance | |
| - | | |
| 41,820,000 | |
| (a) | Trade
receivables are classified as financial assets measured at amortised cost. |
| (b) | Trade
receivables are non-interest bearing and the normal credit terms of trade receivables granted by the Group based on cash on delivery
basis (June 30, 2025: 30 to 210 days). Other credit terms are assessed and approved on a case-by-case basis. They are recognised at their
original invoices amounts, which represent their fair values on initial recognition. |
| (c) | Trade
receivables that do not contain a significant financing component are recognised based on the simplified approach using the lifetime
expected credit losses. |
| (d) | For
trade receivables, which are reported net, such impairments are recorded in a separate impairment account with the loss being recognised
within administrative expenses in the statements of operations and other comprehensive loss on confirmation that the trade receivable
would not be collectable, the gross carrying value of the asset would be written off against the associated impairment. |
Subsequent reversal of an impairment
loss for trade receivables is recognised in the statement of operations and other comprehensive loss as a reversal of impairment losses
upon settlement from the credit-impaired trade receivables.
Management exercised significant judgments
in determining the probability of default by trade receivables and appropriate forward-looking information.
| (e) | Trade
receivables and aging analysis of the Group are as follows: |
| | |
IOT segment – third parties | |
| | |
RM | |
| December 31, 2025 | |
| |
| | |
| |
| Current | |
| - | |
| | |
| | |
| Less: impairment allowance | |
| - | |
| Total | |
| - | |
| June 30, 2025 | |
| |
| | |
| |
| Current | |
| 41,820,000 | |
| | |
| | |
| Less: impairment allowance | |
| - | |
| Total | |
| 41,820,000 | |
| (f) | The
Group does not have significant exposure to single customers or to industry groups and does not anticipate the carrying amounts recorded
at the end of the reporting period to be significantly different from the values that would eventually be received. |
|