MKH Annual Report 2018
157 MKH Berhad Annual Report 2018 19. RECEIVABLES, DEPOSITS AND PREPAYMENTS (Cont’d) (e) Finance lease receivables The Group 2018 2017 RM RM Receivable within 1 year Gross investment in finance lease receivables 1,109,195 1,109,395 Less: Unearned finance income (88,856) (88,856) Present value of minimum lease payment receivables 1,020,339 1,020,539 Less: Allowance for impairment loss At beginning of year (1,019,649) (1,019,749) Additions (890) - No longer required 200 100 At end of year (1,020,339) (1,019,649) - 890 The finance lease receivables bear e ective interest at 8.15% (2017: 8.15%) per annum. The maturity profile of finance lease receivables is as follows: The Group 2018 2017 RM RM Fixed rate instrument Receivable within 1 year - 890 (f) Included in amount due from subsidiaries are unsecured amounts of: (i) RM336,596,078 (2017: RM296,512,339) which bears interest at 5.99% (2017: 5.85%) per annum and is not expected to be settled within the next 12 months; and (ii) RM25,838,363 (2017: RM4,344,703) which is interest-free and repayable on demand. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018
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