Page 75 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)

b) Allowance for expected credit losses (“ECL”):
The movement in allowance for ECL is as follows:

2025 2024
Balance as at the beginning of the year 1,814,614 2,083,176

Provision charged (no longer required) for the year 97,123 (272,940)
Foreign currency translation adjustments (7,179) 4,378

Balance as at the end of the year 1,904,558 1,814,614

c) Other receivables represents KD Nil (2024: KD 667,380) balance paid by the Parent Company
on behalf of customers and fully recovered from customers during the year.

5. INVENTORIES

2025 2024

Spare-parts 1,561,086 1,529,577

Provision for slow-moving and obsolete inventories (a) (70,937) (62,637)
1,490,149 1,466,940

a) Provision for slow-moving and obsolete inventories:

The movement in the provision for slow-moving and obsolete inventories is as follows

2025 2024

Balance as at the beginning of the year 62,637 62,585
Charge for the year (i) 8,410 -

Foreign currency translation adjustments (110) 52
Balance as at the end of the year 70,937 62,637

(i) Provision charged during the year is allocated to “Operating costs”.

During the year, the Group has written off inventory directly to the consolidated statement of
profit or loss amounting to KD 110 (2024: 20,770) included in “Operating costs”.

73 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.