NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 11. TRADE AND OTHER RECEIVABLES (CONT’D) Trade and other receivables denominated in foreign currencies other than functional currencies of respective entities at 31 December are as follows: Group 2025 2024 $’000 $’000 United States Dollars 1,093 929 None of the Company’s trade and other receivables are denominated in foreign currencies. Staff advances Staff advances are unsecured and non-interest bearing. * Non-current other assets Non‑current other assets comprise amounts reclassified from other receivables and contract assets arising from customer disputes, which are expected to require more than twelve months to resolve. Expected credit losses The movement in allowance for expected credit losses of trade receivables and contract assets computed based on lifetime ECL are as follows: Group Trade receivables 2025 2024 $’000 $’000 Movement in allowance accounts At 1 January 4,126 4,491 Charge for the year, net 526 1,588 Acquisition of subsidiaries − 696 Written off (444) (2,536) Currency realignment 14 (113) At 31 December 4,222 4,126 There is no expected credit loss made on the Company’s trade receivables on 31 December 2024 and 31 December 2025. 12. CASH AND CASH EQUIVALENTS Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Short-term deposits 1,107 1,107 − − Cash at banks and on hand 45,070 56,294 2,244 9,455 46,177 57,401 2,244 9,455 Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between 1 month and 18 months (2024: 1 month and 18 months) depending on the immediate cash requirements of the Group, and earn interest ranging from 1.20% to 7.25% (2024: 1.25% to 7.25%) per annum. 162 CSE GLOBAL LIMITED
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