191 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 53 11. OTHER RECEIVABLES (CONT’D) Non-trade receivables Included in non-trade receivables is advance payments to suppliers amounting to RM5,655,000 (2022: RM3,688,000) for the procurement of inventories. This amount is unsecured, non-interest bearing and repayable on demand. 12. AMOUNT OWING BY SUBSIDIARIES Company 2023 2022 RM’000 RM’000 Non-current assets Non-trade related 8,294 - Current assets Non-trade related 36,578 9,851 The amount owing by subsidiaries are unsecured, interest bearing range from 2.70% to 2.90% (2022: 2.10% to 2.40%) per annum and recoverable on demand. 13. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed financial institution of the Group amounting to RM2,266,000 (2022: RM1,654,000) has been pledged to a financial institution as security for banking facilities granted to the Group as disclosed in Note 16 to the financial statements. The average maturity of fixed deposits with licensed banks as at the end of the financial year of the Group ranged from 30 to 365 (2022: 30 to 365) days.
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