NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 11. INVENTORIES (CONT’D) (d) Operating supplies and materials As at the end of the reporting year, all operating supplies and materials for the Group are stated at cost. 12. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Non-current Other receivables (Note 12(a)) 18,890 17,097 - - Prepayment (Note 12(b)) 20,483 21,637 - - 39,373 38,734 - - Less: Allowance for impairment losses (Note 12(c)) (3,042) - - - 36,331 38,734 - - Current Other receivables:- Third parties 13,360 3,779 1 - Goods and services tax recoverable 4,492 98 - - 17,852 3,877 1 - Deposits 9,201 7,322 2 2 Deposits paid for land acquisition 61,475 20,818 - - Deposits paid for land development right 31,655 22,046 - - Prepayment 1,937 1,965 54 - Costs to secure contracts (Note 12(d)) 45,812 40,829 - - 167,932 96,857 57 2 Less: Allowance for impairment losses (Note 12(c)) (7,000) - - - 160,932 96,857 57 2 (a) The non-current other receivable balance is unsecured and bears interest of 5% per annum. (b) The non-current prepayment is in respect of upfront exclusive rights payments for managing a hospital operation for a period of 30 years. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 188 FINANCIAL STATEMENTS
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