Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 250 20. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D) The movement of allowance account used to record the impairment of loan receivables is as follows: The Group 2024 2023 RM RM At beginning of year 161,277 144,277 Additions (Note 6) - 17,000 No longer required (Note 6) (38,000) - At end of year 123,277 161,277 (b) Included in amount due from subsidiaries are unsecured amounts of: (i) RM4,117,869 (2023: RM24,314,500) which bears interest at 5.76% (2023: 5.76%) per annum and repayable on demand; (ii) RM62,857,199 (2023: RM55,152,228) which is interest-free and repayable on demand; and (iii) RM4,012,500 (2023: RMNil) being dividend receivable from a subsidiary which has subsequently received on 17 October 2024. (c) Included in non-current prepayments of the Group is an amount of RM13,034,164 (2023: RM13,003,484) in respect of property infrastructure costs incurred on a plot of land leased from PAK for a period of 60 years (2023: 60 years) for future construction of a retail mall.
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