Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 124

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 11
Chunk 124
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ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

Accounts receivable

In most cases, NewGenIvf requires customers to
pay before service is rendered. Thus, the risks of unrecoverable account receivable is minimized. In order to further reduce the credit
risk, NewGenIvf’s management team monitors and ensures that follow-up action is taken to recover overdue debts. NewGenIvf considers
the probability of default upon initial recognition of the asset and whether there has been a significant increase in credit risk on an
ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk, NewGenIvf compares the
risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers
available reasonable and supportive forwarding-looking information, such as GDP growth rate and nominal GDP per capita. Based on the impairment
assessment performed by NewGenIvf, the directors considered the loss allowance for account receivables as of December 31, 2024 and December
31, 2023 is US$19 and US$19, respectively.

Cash and cash equivalents

NewGenIvf is exposed to concentration of credit
risk on liquid funds which are deposited with several banks with high credit ratings. The credit risk on liquid funds is limited because
the counterparties are banks with high credit ratings assigned by international credit-rating agencies.

Deposits and other receivables, amount due
from shareholders and loan to A SPAC I

NewGenIvf assessed the impairment for deposits
and other receivables, due from shareholders and loan to A SPAC I in 2023 based on internal credit rating and ageing of these debtors
which, in the opinion of the directors, have no significant increase in credit risk since initial recognition. Based on the impairment
assessment performed by the Company, the loss allowance for deposits and other receivables and amount due from shareholders as of December
31, 2024 was US$4 and $Nil respectively. The loss allowance for deposits and other receivables, due from shareholders and loan to A SPAC
I as of December 31, 2023 is US$14, US$17,818 and Nil, respectively. The loss allowance for deposits and other receivables, due from shareholders
and loan to A SPAC I as of December 31, 2022 is US$