ANNUAL REPORT 2025 191 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 21. Trade and other receivables (cont'd) (d) Amount due from associate - non-trade (e) Prepayments 2025 2024 2025 2024 RM RM RM RM Prepaid operating expenses 11,254,010 10,781,113 708,862 1,194,200 22. Cash and bank balances 2025 2024 2025 2024 RM RM RM RM Cash on hand and at banks 109,921,233 63,974,607 10,772,876 286,613 Short term deposits with licensed banks 11,695,734 5,693,790 - - Cash and bank balances 121,616,967 69,668,397 10,772,876 286,613 Included in cash at banks of the Group are amounts of RM14,480,886 (2024: RM795,781) held pursuant to Section 7A of the Housing Developers (Control and Licensing) Act, 1966 and therefore restricted from use on other operations. Group Company Cash at banks earn interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between one month to twelve months (2024: one month to twelve months) depending on the immediate cash requirements of the Group and earn interest at respective short-term deposit rates. The weighted average effective interest rates as at 31 December 2025 for the Group was 1.89% (2024: 2.16%) per annum. Group Company The non-trade amounts due from associate are unsecured and repayable on demand. Included in the amounts due to the Group and the Company are loans of approximately RM31,850,000 (2024: RM6,027,000) and RM15,628,000 (2024: Nil) respectively, which bear interest at 8.00% (2024: 8.00%) per annum. - 71 -
RkJQdWJsaXNoZXIy NDgzMzc=