218 MKH BERHAD | ANNUAL REPORT 2023 20. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) (e) Finance lease receivables The Group 2023 2022 RM RM Receivable within 1 year Gross investment in finance lease receivables - 1,108,545 Less: Unearned finance income - (88,856) Written off - (1,019,689) Present value of minimum lease payment receivables - - Less: Allowance for impairment loss At beginning of year - (1,019,689) Written off - 1,019,689 At end of year - - - - The finance lease receivables bore effective interest at Nil (2022: 8.15%) per annum. (f) Included in other receivables of the Group and of the Company are: (i) an amount of RM5,645,075 (2022: RM5,869,011) being unbilled rental income receivables; (ii) an amount of RM10,706,090 (2022: RM3,389,396) being indirect taxes paid in advance to tax authorities; and (iii) an amount of RM2,452,057 (2022: RM2,322,839) being amount due from Plasma Farmers Cooperative in Indonesia. The movement of allowance account used to record the impairment of other receivables is as follows: The Group The Company 2023 2022 2023 2022 RM RM RM RM At beginning of year 5,406,936 4,581,002 22,580 22,580 Additions (Note 6) - 825,934 - - No longer required (Note 6) (6,426) - (6,426) - At end of year 5,400,510 5,406,936 16,154 22,580 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. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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