230 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 16. AMOUNT DUE FROM/(TO) SUBSIDIARIES Company 2024 2023 RM’000 RM’000 Amount due from subsidiaries Trade 337,432 205,662 Non-trade 1,519,360 1,174,446 1,856,792 1,380,108 Amount due to subsidiaries Trade 208 208 Non-trade (7,258) (7,444) (7,050) (7,236) Amount due from/(to) subsidiaries are unsecured, non-interest bearing and repayment on demand. 17. AMOUNT DUE FROM/(TO) ASSOCIATES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Amount due from associates - Trade 22,710 65,450 - 42,750 - Non-trade 72,753 29,843 72,691 29,812 95,463 95,293 72,691 72,562 Less: Allowance for ECLs (95,255) (95,255) (72,555) (72,555) 208 38 136 7 Amount due to associates - Non-trade (328) (335) - - Amount due from/(to) associates are unsecured, non-interest bearing and repayment on demand. The trade balance relates to the development work for the online tax monitoring project (“the Project”) and is repayable upon the commencement of the said project. On 3 December 2014, the Company received a revised letter of award under the service tax regime to develop the Project. Nevertheless, the GST was implemented on 1 April 2015 and the service tax regime was replaced by the GST regime whereby the Project has been varied. Accordingly, the Project was being reviewed to cater for certain requirements and enhancements following the implementation of GST. A technical committee together with a steering committee have been established by the relevant authorities for this purpose. The amendments to the relevant Act for the purpose of the implementation of the Project have been completed and came into effect from 1 January 2017. An internal trial run was carried out to ensure any further technical issues in relation to the Project are resolved prior to commercialisation in the near future.
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