172 Annual Report 2022 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) 20. The maturity profile of loan receivables is as follows: The loan receivables bear effective interest at rates ranging from 5.0% to 8.5% (2021: 5.0% to 8.5%) per annum. (a) (b) 2022 RM 2021 RM The Group 37,514,710 28,871,545 18,899,898 15,769,977 564,812 855,723 8,000,000 50,000 10,050,000 12,195,845 Fixed rate instruments Receivable within 1 year Receivable after 1 year but not later than 2 years Receivable after 2 years but not later than 3 years Receivable after 3 years but not later than 4 years The movement of allowance account used to record the impairment of loan receivables is as follows: Included in amount due from subsidiaries are unsecured amounts of: (c) Included in non-current prepayments of the Group is an amount of RM12,747,309 (2021: RM12,632,794) in respect of property infrastructure costs incurred on a plot of land leased from PAK for a period of 60 years (2021: 60 years) for future construction of a retail mall. 2022 RM 2021 RM The Group 116,277 144,277 137,286 116,277 73,000 28,000 (77,608) - (16,401) - At beginning of year Additions (Note 6) Reversal (Note 6) Written off At end of year RM23,867,412 (2021: RM308,238,322) which bears interest at 5.01% (2021: 4.51%) per annum and repayable on demand; and RM44,912,350 (2021: RM43,606,156) which is interest-free and repayable on demand. (i) (ii)
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