Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 249 20. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) The Group The Company 2024 2023 2024 2023 Note RM RM RM RM Deposits for development land acquisition 100,000 100,000 - - Joint venture deposits for land development (f) 15,650,000 20,650,000 - - Other deposits (g) 28,804,556 39,852,381 30,000 30,000 Prepayments (h) 73,057,670 24,092,719 - - Total current 256,258,379 229,121,573 71,017,568 79,496,728 Total receivables, deposits and prepayments 314,960,183 267,845,760 71,017,568 79,496,728 (a) Included in the loan receivables are: (i) an amount of RM38,500,000 (2023: RM38,500,000) pertain to the loan granted by a subsidiary of the Company to a third party in respect of a joint venture land development agreement entered between the third party and another subsidiary of the Company; and (ii) an amount of RM3,642,100 (2023: RMNil) pertain to a loan granted by a subsidiary of the Company to a director of another subsidiary of the Company. The maturity profile of loan receivables is as follows: The Group 2024 2023 RM RM Fixed rate instruments Receivable within 1 year 3,046,521 15,805,727 Receivable after 1 year but not later than 2 years 19,374,668 1,000,000 Receivable after 2 years but not later than 3 years 8,511,144 13,762,566 Receivable after 3 years but not later than 4 years 16,692,100 9,100,659 47,624,433 39,668,952 The loan receivables bear effective interest at rates ranging from 5.0% to 8.5% (2023: 5.0% to 8.5%) per annum.
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