NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C14 Financial risk management objectives and policies (continued) Expected credit loss assessment (continued) The table below shows the aging and loss allowance analysis of the Group’s trade receivables as at 31 December 2022 and 2021: 2022 Not past due $’000 1 – 90 days $’000 91 – 180 days $’000 181 – 360 days $’000 > 360 days $’000 Total $’000 Commercial Aerospace Trade receivables and contract assets 745,344 49,653 13,038 751 5,942 814,728 Loss allowance (18,347) (2,796) (1,827) (491) (5,942) (29,403) Urban Solutions & Satcom Trade receivables and contract assets 1,040,526 57,635 15,671 10,597 15,576 1,140,005 Loss allowance (2,634) (1,339) (2,784) (1,961) (13,031) (21,749) Defence & Public Security Trade receivables and contract assets 1,297,368 65,279 6,997 3,093 6,448 1,379,185 Loss allowance (12,524) (510) (129) (59) (6,377) (19,599) 2021 Not past due $’000 1 – 90 days $’000 91 – 180 days $’000 181 – 360 days $’000 > 360 days $’000 Total $’000 Commercial Aerospace Trade receivables and contract assets 586,345 49,879 9,341 9,863 16,600 672,028 Loss allowance (19,377) (370) (4,906) (7,190) (15,075) (46,918) Urban Solutions & Satcom Trade receivables and contract assets 810,782 37,700 5,312 7,737 9,406 870,937 Loss allowance (3,104) (1,273) (878) (2,791) (9,129) (17,175) Defence & Public Security Trade receivables and contract assets 1,227,112 76,222 8,659 11,083 11,565 1,334,641 Loss allowance (11,588) (122) (694) (215) (6,099) (18,718) 194 ST ENGINEERING ANNUAL REPORT 2022
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