Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 100 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 (cont’d) 20. Trade and other receivables Group 2017 2016 RM RM Trade receivables Third parties 377,164,230 429,679,125 Amount due from joint venture 23,014,845 10,415,515 Amounts due from a company related to certain directors 8,757,953 10,474,740 408,937,028 450,569,380 Less: Allowance for impairment - Third parties (13,058,445) (2,634,905) Trade receivables, net 395,878,583 447,934,475 Other receivables Refundable deposit 14,314,340 15,369,500 Amount due from a joint venture - 62 Sundry receivables 2,065,540 3,449,593 16,379,880 18,819,155 Total trade and other receivables (current) 412,258,463 466,753,630 Add: Cash and bank balances (Note 23) 86,571,902 79,025,354 Total loans and receivables 498,830,365 545,778,984 Company 2017 2016 RM RM Other receivables Refundable deposit 4,500 4,500 Amount due from subsidiaries 51,980,106 59,531,701 51,984,606 59,536,201 Total other receivables (current) 51,984,606 59,536,201 Add: Cash and bank balances (Note 23) 4,258,984 3,076,071 Total loans and receivables 56,243,590 62,612,272 Trade receivables Trade receivables are non-interest bearing and are generally on 21 to 90 days (2016: 30 to 90 days) terms, although in practice, this may extend to 120 days. Other credit terms are assessed and approved on a case-by-case basis. They are recognised at their original certificated or invoiced amounts which represent their fair values on initial recognition.