200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 21. Trade and other receivables (cont'd) (a) Trade receivables (cont'd) Movement in allowance accounts: 2021 2020 RM RM At 1 January 16,630,954 14,286,048 Charge for the year (Note 7) 2,919,132 3,286,616 Reversal of impairment loss (Note 7) (597,988) (821,305) Written off - (120,405) At 31 December 18,952,098 16,630,954 (b) Amount due from subsidiaries (c) Amount due from joint venture 22. Cash and bank balances 2021 2020 2021 2020 RM RM RM RM Cash on hand and at banks 45,617,058 35,723,910 782,239 144,098 Short term deposits with licensed banks 23,919,075 21,750,827 - - Cash and bank balances (Note 21) 69,536,133 57,474,737 782,239 144,098 Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that have defaulted on payments. These receivables are not secured by any collateral or credit enhancements. Included in cash at banks of the Group are amounts of RM568,509 (2020: RM1,682) held pursuant to Section 7A of the Housing Developers (Control and Licensing) Act, 1966 and therefore restricted from use on other operations. The amount due from subsidiaries are unsecured, bear interest ranging from 3.57% to 6.44% (2020: 1.75% to 3.30%) per annum and are repayable on demand. Group Group Company Included in amount due from joint venture is an amount of RM7,000,000 (2020: RM Nil) which is unsecured, bear interest ranging from 4.88% to 5.77% (2020: Nil) per annum and is repayable on demand. The remaining amount due from joint venture is unsecured, noninterest bearing and is repayable upon demand. - 77 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 137
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