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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D)
Other receivables, deposits and prepaid expenses consist of:
The Group
The Company
2016
2015
2016
2015
RM
RM
RM
RM
Other receivables
3,005,790
3,061,911
32,137
14,482
Deposits
1,604,796
1,994,243
4,850
4,830
Prepayments
441,600
1,067,846
25,231
19,350
5,052,186
6,124,000
62,218
38,662
18. AMOUNTS OWING BY/TO SUBSIDIARIES
The Company
2016
2015
RM
RM
Amount owing by:-
Advances
4,690,761
36,741,235
Non-trade balances
8,205,588
4,091,816
12,896,349
40,833,051
Allowance for impairment losses
(2,974,451)
(1,498,371)
9,921,898
39,334,680
Amount owing to:-
Advances
-
81,385
Non-trade balances
13,564,695
15,115,433
13,564,695
15,196,818
The Company
2016
2015
RM
RM
Allowance for impairment losses:-
At beginning of the year
(1,498,371)
(1,498,371)
Allowance for impairment losses
(1,476,080)
-
At end of the year
(2,974,451)
(1,498,371)
The amounts owing by/to the subsidiaries arose mainly from unsecured advances and payments made on behalf. The
amount arising from unsecured advances bear interest at 3% (2015: 3%) per annum and is repayable on demand whilst
the amount arising from payments made on behalf is interest-free.
Notes To The Financial Statements
(cont’d)