MKH Berhad 173 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) 20. (d) Included in non-current other receivables of the Group are: RM11,561 (2021: RM1,087,332) 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 to 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 RMNil (2021: RM3,174,216) being amount due from shareholder of a subsidiary of the Group, which bore interest at 8% per annum and was fully repaid during financial year. (i) (ii) (e) Trade receivables The Group’s normal trade credit term ranges from 7 to 90 days (2021: 7 to 90 days). The ageing analysis of the Group’s trade receivables is as follows: Receivables that are neither past due nor impaired Trade receivables that are neither past due nor impaired comprise property purchasers mostly are with end financing facilities from reputable end-financiers whilst the others are creditworthy customers with good payment records. None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the financial year. (i) (ii) 2022 RM 2021 RM The Group 111,756,871 104,366,559 12,780,776 19,174,051 1,095,204 865,033 3,274,128 7,179,320 97,880,891 84,327,475 1,100,528 5,122,931 3,491,092 1,638,009 3,782,848 3,895,768 Neither past due nor impaired 1 to 30 days past due not impaired 31 to 60 days past due not impaired 61 to 90 days past due not impaired 90 to 120 days past due not impaired 1,132,180 1,338,023 More than 120 days past due not impaired Past due and impaired
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