ACCOUNTABILITY 232 YINSON HOLDINGS BERHAD 25. TRADE AND OTHER RECEIVABLES (CONTINUED) Trade receivables are non-interest bearing and are generally on 7 to 60 (2025: 7 to 60) day terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. (a) Trade receivables Movements in trade receivables allowance for impairment account are as follows: Group Company 2026 RM million 2025 RM million 2026 RM million 2025 RM million At 1 February 1 2 18 21 Impairment loss/(Reversal of impairment loss) (Note 12) 2 (1) - (3) At 31 January 3 1 18 18 The Company’s impairment amounts recognised for the financial year ended 31 January 2025 related to amount due from subsidiaries. Trade receivables that are individually determined to be impaired at the reporting date related to debtors that are in significant financial difficulties and/or have defaulted on payments. These receivables are not secured by any collateral or credit enhancements. (b) Other receivables i. Included in sundry receivables is an amount of RM36 million (2025: RM55 million) relating to a contractual settlement arrangement with a customer for receivables relating to an FPSO project, which is unsecured and repayable over a period of 7 years. The amount receivable was adjusted to its fair value upon initial recognition, and is subsequently carried at amortised cost. As at 31 January 2026, the amounts classified as current and noncurrent were RM22 million (2025: RM18 million) and RM14 million (2025: RM37 million) respectively. Included in non-current sundry receivables is an amount of RM74 million relating to advance payments made to vendors for the construction of a wind farm project undertaken by Mt Cass Wind Farm Limited, an indirect wholly-owned subsidiary of the Company. See Note 17(b) for more details. ii. Amounts due from subsidiaries which are non-interest bearing are denominated in USD and RM. These amounts are unsecured and revolving on daily basis, except for amounts of RM11 million as at 31 January 2025 which were not expected to be recovered within the next 12 months. iii. Amounts due from joint ventures are unsecured and non-interest bearing.
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