176 Annual Report 2022 2022 RM The Company 2021 RM 2021 RM 2022 RM The Group At beginning of year Additions (Note 6) At end of year - - - 825,934 4,985,148 22,580 22,580 4,581,002 No longer required (Note 6) Written off (350,867) - - - (53,279) - - - 4,581,002 22,580 22,580 5,406,936 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) 20. (g) Included in other receivables of the Group and of the Company are: (Cont’d) (h) The joint venture deposits of the Group are paid to landowners in respect of Joint Venture Agreements (“Agreements”) whereby the Group is responsible to implement and undertake the overall development projects on the land owned by the third parties upon fulfilment of the terms and conditions as stipulated in the Agreements. In the previous financial year, the Group reclassified joint venture deposits amounted to RM15,150,000 to property development costs upon fulfilment of terms and conditions stipulated in the Agreements as disclosed in Note 21. (i) Included in other deposits of the Group is RM17,241,364 (2021: RM16,731,896) paid to the relevant authorities for property development projects. (j) Included in prepayments of the Group are: The movement of allowance account used to record the impairment of other receivables is as follows: The impaired other receivables at the reporting date relate to debtors that have defaulted on payment. These receivables are not secured by any collateral or credit enhancements. RM1,944,528 (2021: RM2,166,032) preliminary costs incurred in respect of future property development projects. In the previous financial year, the Group reclassified certain prepayments pertaining to joint venture projects amounted to RM17,728,191 to property development costs upon fulfilment of terms and conditions stipulated in the agreements; and an amount of RM5,189,464 (2021: RM6,384,218) paid to Trustee accounts for joint development of infrastructure projects with other developers. (i) (ii)
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