MISC Annual Report 2019

21. TRADE AND OTHER RECEIVABLES (CONT’D.) (b) Other receivables and amounts due from related parties The non-trade balances due from holding company, subsidiaries, associates and joint ventures arose in the normal course of business. Certain loans and advances to subsidiaries bear interest ranging from 3.00% to 4.70% (2018: 2.27% to 4.70%) per annum. The ageing of trade receivables net of impairment (excluding amount due from customers on contracts and finance lease receivables) as at the end of the reporting period is analysed below: Group Corporation 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 At net Current 952,764 998,405 303,693 364,816 Past due 1-30 days 186,832 161,474 35,234 25,756 Past due 31-60 days 38,806 97,783 8,710 9,556 Past due 61-90 days 26,783 88,426 5,021 9,176 Past due more than 90 days 838,693 750,497 60,390 477,925 2,043,878 2,096,585 413,048 887,229 The movement in the allowance for impairment loss of trade, other and finance lease receivables during the year are as follows: Group Corporation Trade Finance Trade Finance and Other Lease and Other Lease Receivables Receivables Receivables Receivables (Note 19(d)) (Note 19(d)) RM’000 RM’000 RM’000 RM’000 At 1 January 2019 709,961 79,398 436,574 7,872 Impairment loss (Note 5) 36,839 – 22,019 – Write back of impairment loss (Note 4) – (5,455) – (369) Write off (41,425) – (41,425) – Unwinding of discount on trade receivable (16,477) – (16,477) – Currency translation differences (24,698) (805) (19,182) (82) At 31 December 2019 664,200 73,138 381,509 7,421 At 1 January 2018 556,350 71,040 296,256 – Impairment loss (Note 5) 139,237 2,062 133,327 7,662 Write back of impairment loss (Note 4) (621) – – – Currency translation differences 14,995 6,296 6,991 210 At 31 December 2018 709,961 79,398 436,574 7,872 22. DUE FROM/(TO) CUSTOMERS ON CONTRACTS Group 2019 2018 RM’000 RM’000 Construction contract costs incurred and recognised profits to date 4,174,689 11,711,684 Less: Progress billings (4,141,545) (11,492,804) 33,144 218,880 Due from customers on contracts (Note 21) 39,137 221,286 Due to customers on contracts (Note 25) (5,993) (2,406) 33,144 218,880 The movement of amount due from/(to) customers on contracts is as follows: Group 2019 2018 RM’000 RM’000 At the beginning of the year 218,880 896,297 Revenue recognised during the year (Note 3) 936,523 956,245 Progress billings during the year (1,122,259) (1,633,662) At the end of the year 33,144 218,880 23. CASH, DEPOSITS AND BANK BALANCES Group Corporation 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Cash with PETRONAS Integrated Financial Shared Services Centre 4,355,497 4,204,421 2,803,030 1,936,876 Cash and bank balances 1,113,410 1,214,789 86 55 Deposits with licensed banks 1,561,907 336,394 13,933 20,888 7,030,814 5,755,604 2,817,049 1,957,819 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 324 325

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