MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 299 MISC BERHAD ANNUAL REPORT 2018 298 22. TRADE AND OTHER RECEIVABLES Group Corporation 2018 RM'000 2017 RM'000 2018 RM'000 2017 RM'000 Trade receivables Third parties 2,662,819 2,252,491 663,441 374,922 Subsidiaries - - 581,843 419,638 Fellow subsidiaries 98,187 44,873 40,706 12,630 Associates 44 43 44 43 Joint ventures 44,888 47,307 32,182 41,980 2,805,938 2,344,714 1,318,216 849,213 Finance lease receivables (Note 19(d)) 1,247,158 990,841 67,115 - Due from customers on contracts (Note 23) 221,286 905,214 - - 4,274,382 4,240,769 1,385,331 849,213 Less: Impairment loss on trade receivables: Third parties (686,956) (435,884) (408,590) (178,629) Joint ventures (22,397) (21,938) (22,397) (21,938) (709,353) (457,822) (430,987) (200,567) Trade receivables, net 3,565,029 3,782,947 954,344 648,646 22. TRADE AND OTHER RECEIVABLES (CONT'D.) Group Corporation 2018 RM'000 2017 RM'000 2018 RM'000 2017 RM'000 Other receivables Amount due from related parties: Holding company 4,219 3,193 221 216 Subsidiaries - - 1,950,394 2,732,038 Fellow subsidiaries 46 148 - - Joint ventures 21,168 49,354 780 16,234 25,433 52,695 1,951,395 2,748,488 Deposits 9,946 9,685 2,341 2,875 Prepayments 116,559 46,415 1,695 2,512 Unbilled reimbursable expenses due from third parties 5,686 5,570 5,686 5,570 Others 227,155 264,463 93,256 120,296 384,779 378,828 2,054,373 2,879,741 Less: Impairment loss on other receivables: Third parties (608) - (174) - Subsidiaries - - (5,413) - Other receivables, net 384,171 378,828 2,048,786 2,879,741 Total trade and other receivables 3,949,200 4,161,775 3,003,130 3,528,387 Add: Cash, deposits and bank balances (Note 24) 5,755,604 5,900,724 1,957,819 2,577,773 Add: Net loans and advances (Note 19(a)) - - 1,232,872 1,922,091 Add: Long term receivables (Note 19(a)) 122,964 128,481 - - Add: Finance lease receivables (Note 19(d)) 16,377,390 13,862,350 1,082,591 - Less: Due from customers on contracts (Note 23) (221,286) (905,214) - - Less: Prepayments (116,559) (46,415) (1,695) (2,512) Total financial assets 25,867,313 23,101,701 7,274,717 8,025,739