Trade and Other Receivables, Prepayments and Contract Assets
|12 Months Ended|
Dec. 31, 2022
|Trade and Other Receivables, Prepayments and Contract Assets||
13. Trade and Other Receivables, Prepayments and Contract Assets
The components of Trade receivables, Other receivables and Prepayments and contract assets reflected on the Consolidated Balance Sheets are disaggregated, as applicable, in the table below:
The Group has assessed its current expected credit loss estimate, in line with the requirements of ASC 326 by taking into consideration historical credit loss experience and financial factors specific to the debtors and general economic conditions. As part of this assessment, the Group has performed a recoverability assessment of its outstanding trade and other
receivables at the reporting date and concluded that the expected credit loss as of December 31, 2022 and 2021 is immaterial.
The table below shows significant changes in contract assets:
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef