NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 13. AMOUNTS OWING BY/(TO) SUBSIDIARIES THE COMPANY 2024 2023 RM’000 RM’000 Amount owing by: Non-current - Subsidiaries (Non-trade) 455,887 526,541 Current - Subsidiaries (Non-trade) 549,959 506,222 Less: Impairment losses (167,111) (154,580) 382,848 351,642 Impairment losses:- At 1 April 154,580 142,140 Addition during the financial year (Note 32) 12,531 12,440 At 31 March 167,111 154,580 THE COMPANY 2024 2023 RM’000 RM’000 Amount owing to: Current - Subsidiaries (Non-trade) (89,228) (151,331) The non-trade balances represent payments made on behalf which bear an interest of 5% (2023 – 5%) per annum. The amounts owing are to be paid over a period of time and are to be settled in cash. FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 178
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