NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 21. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT'D) (e) Included in other receivables of the Group and of the Company are: (Cont'd) The movement of allowance account used to record the impairment of other receivables is as follows: The Group The Company 2025 2024 2025 2024 RM RM RM RM At beginning of year 206,648 5,400,510 16,154 16,154 No longer required (Note 6) - (8,672) - - Written off (16,154) (5,185,190) - - At end of year 190,494 206,648 16,154 16,154 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. (f) 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. (i) Included in the joint venture deposits of the Group in the previous year, was an addition in respect of a subsidiary acquired as disclosed in Note 16, being a deposit paid to landowners amounting to RM10,000,000 in respect of development right agreement (“DRA”) whereby the Group is responsible to implement and undertake the overall development project on the two (2) parcels of leasehold lands owned by the third party upon fulfilment of the terms and conditions as stipulated in the DRA. The deposit paid is to be accounted for as part payment of the returns to landowners as stipulated in the DRA. During the financial year, the deposit has been reclassified to prepayment of development costs in respect of future property development projects. (ii) In the previous financial year, the Group reclassified joint venture deposits which amounted to RM10,000,000 to property development costs upon fulfilment of terms and conditions stipulated in the Agreements as disclosed in Note 22. PG | 254 ANNUAL REPORT 2025 MKH BERHAD
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