176 Annual Report 2021 20. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (a) The maturity profile of loan receivables is as follows: (Cont’d) T he movement of allowance account used to record the impairment of loan receivables is as follows: The Group 2021 2020 RM RM At beginning of year 137,286 116,286 Additions 73,000 21,000 Reversal (77,608) - Written off (16,401) - At end of year 116,277 137,286 (b) Included in amount due from subsidiaries are unsecured amounts of: (i) RM308,238,323 (2020: RM321,349,371) which bears interest at 4.51% (2020: 4.51%) per annum and repayable on demand; and (ii) RM43,606,156 (2020: RM35,166,352) which is interest-free and repayable on demand. (c) Included in non-current prepayments of the Group is an amount of RM12,632,794 (2020: RM10,239,440) in respect of property infrastructure costs incurred on a plot of land leased from PAK for a period of 60 years for future construction of a retail mall. (d) Included in non-current other receivables of the Group are: (i) RM1,087,332 (2020: RM1,035,377) 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; and (ii) RM3,174,216 (2020: RM3,022,547) being amount due from shareholder of a subsidiary of the Group, which bears interest at 8% per annum and repayable in financial year 2023. (e) Trade receivables (i) The Group’s normal trade credit term ranges from 7 to 90 days (2020: 7 to 90 days). Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
RkJQdWJsaXNoZXIy NDgzMzc=