MKH Annual Report 2019
178 A N N U A L R E P O R T 2 0 1 9 18. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (d) Trade receivables (Cont’d) (iii) Included in trade receivables of the Group are: (Cont’d) (g) amount of RM28,719 (30.9.2018: RM6,009,426; 1.10.2017: RM2,160,395) due from an associate. (e) Finance lease receivables The Group 30.9.2019 30.9.2018 RM RM Receivable within 1 year Gross investment in finance lease receivables 1,108,695 1,109,195 Less: Unearned finance income (88,856) (88,856) Present value of minimum lease payment receivables 1,019,839 1,020,339 Less: Allowance for impairment loss At beginning of year (1,020,339) (1,019,649) Additions - (890) No longer required 500 200 At end of year (1,019,839) (1,020,339) - - The finance lease receivables bear effective interest at 8.15% (30.9.2018 and 1.10.2017: 8.15%) per annum. The maturity profile of finance lease receivables is as follows: The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Fixed rate instrument Receivable within 1 year - - 890 (f) Included in amount due from subsidiaries are unsecured amounts of: (i) RM379,265,402 (30.9.2018: RM336,596,078; 1.10.2017: RM296,512,339) which bears interest at 5.79% (30.9.2018: 5.99%; 1.10.2017: 5.85%) per annum and is not expected to be settled within the next 12 months; and (ii) RM5,525,215 (30.9.2018: RM25,838,363; 1.10.2017: RM4,344,703) which is interest-free and repayable on demand. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019
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