188 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 21. Trade and other receivables (cont'd) 2025 2024 2025 2024 RM RM RM RM Other receivables Deposits 15,510,022 11,935,854 205,000 205,000 Sundry receivables 4,794,615 1,309,037 - - Amounts due from subsidiaries - - 96,513,784 92,232,708 Amount due from joint venture 4,144,074 3,652,432 - - Amount due from associate 32,036,654 6,107,888 15,704,433 - 56,485,365 23,005,211 112,423,217 92,437,708 Total trade and other receivables 633,638,632 541,243,007 112,423,217 92,437,708 Add: Cash and bank balances (Note 22) 121,616,967 69,668,397 10,772,876 286,613 Total financial assets at amortised cost 755,255,599 610,911,404 123,196,093 92,724,321 (a) Trade receivables Trade receivables are non-interest bearing and are generally on 30 to 90 days (2024: 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. Included in trade receivables is an amount of RM331,118,985 (2024: RM150,884,486), which represents retention sum receivable on construction contracts of the Group. Group Company - 68 -
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