216 MKH BERHAD | ANNUAL REPORT 2023 20. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (b) Included in amount due from subsidiaries are unsecured amounts of: (i) RM23,314,500 (2022: RM23,867,412) which bears interest at 5.76% (2022: 5.01%) per annum and repayable on demand; and (ii) RM55,152,228 (2022: RM44,912,350) which is interest-free and repayable on demand. (c) Included in non-current prepayments of the Group is an amount of RM13,003,484 (2022: RM12,747,309) in respect of property infrastructure costs incurred on a plot of land leased from PAK for a period of 60 years (2022: 60 years) for future construction of a retail mall. (d) Trade receivables (i) The Group’s normal trade credit term ranges from 7 to 90 days (2022: 7 to 90 days). (ii) The ageing analysis of the Group’s trade receivables is as follows: The Group 2023 2022 RM RM Neither past due nor impaired 68,670,288 84,327,475 1 to 30 days past due not impaired 15,285,223 7,179,320 31 to 60 days past due not impaired 8,849,453 5,122,931 61 to 90 days past due not impaired 5,861,412 1,638,009 90 to 120 days past due not impaired 686,150 3,895,768 More than 120 days past due not impaired 949,196 1,338,023 31,631,434 19,174,051 Past due and impaired 903,051 865,033 101,204,773 104,366,559 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. Receivables that are past due but not impaired Trade receivables of the Group amounting to RM31,631,434 (2022: RM19,174,051) which are past due but not impaired because there have been no significant changes in credit quality of the debtors and the amounts are still considered recoverable. The Group does not hold any collateral or other credit enhancements over these balances. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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