MKH Annual Report 2018

154 MKH Berhad Annual Report 2018 19. RECEIVABLES, DEPOSITS AND PREPAYMENTS (Cont’d) (a) Loan receivables The Group 2018 2017 RM RM Term loan (business) 23,599,747 21,028,947 Other loan - 3,732 23,599,747 21,032,679 The maturity profile of loan receivables, net of allowance for impairment loss, is as follows: Term loan Other loan Total RM RM RM 2018 Fixed rate instruments Receivable within 1 year 2,609,781 - 2,609,781 Receivable after 1 year but not later than 2 years 3,351,872 - 3,351,872 Receivable after 2 years but not later than 3 years 17,088,521 - 17,088,521 Receivable after 3 years but not later than 4 years 549,573 - 549,573 23,599,747 - 23,599,747 2017 Fixed rate instruments Receivable within 1 year 262,575 3,732 266,307 Receivable after 1 year but not later than 2 years 5,435,192 - 5,435,192 Receivable after 2 years but not later than 3 years 158,180 - 158,180 Receivable after 3 years but not later than 4 years 15,173,000 - 15,173,000 21,028,947 3,732 21,032,679 The loan receivables bear e ective interest at rates ranging from 5.0% to 12.0% (2017: 5.0% to 12.0%) per annum. (b) This is in respect of property infrastructure costs incurred on a plot of land leased from RAC for a period of 60 years for future construction of a retail mall. (c) This is in respect of an amount due from Plasma Farmers Cooperative in Indonesia. In accordance with the Indonesian Government policy, a subsidiary assumes the responsibilities to develop plantation for small land holders (known as Plasma Farmers) in addition to its own plantation. The subsidiary is also required to train and supervise the Plasma Farmers and purchase the fresh fruit bunches from the farmers at prices determined by the Government. The amount is unsecured, interest-free, to be settled in cash not within one year. FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS