20. INVESTMENT IN A JOINT VENTURE Group 2022 RM’000 2021 RM’000 Unquoted shares, at cost In Malaysia 122 – Share of post-acquisition reserves (6) – 116 – On 22 April 2022, Opus Consultants (Sarawak) Sdn. Bhd. (“OCS”), an indirect wholly-owned subsidiary of the Company via Opus International (M) Berhad (“OIMB”) has issued 175,000 new ordinary shares. Pursuant to the Shareholders’ Agreement between OIMB and PPES Consults Sdn. Bhd. (“PPES”), 47,500 and 127,500 new ordinary shares were allotted to OIMB and PPES, respectively. As a result, OIMB’s equity interest in OCS was diluted to 49% and OCS became a joint-venture (“JV”) company to OIMB. Summarised financial information of OCS has not been disclosed as they are immaterial. 21. OTHER INVESTMENTS Group and Company 2022 RM’000 2021 RM’000 Equity instruments (unquoted shares in Malaysia) 1,200 1,200 Less: Accumulated impairment losses (1,200) (1,200) Unquoted shares, net – – Club memberships 232 232 232 232 22. TRADE AND OTHER RECEIVABLES Group 2022 RM’000 2021 RM’000 Current Trade receivables (Note a) Third parties 370,047 388,101 Related companies 46,291 40,635 Associates 11,995 26,899 428,333 455,635 Less: Allowance for expected credit losses (“ECL”): Third parties (34,829) (34,340) Related companies (6,351) (6,377) (41,180) (40,717) Retention receivables: Third parties 4,624 10,243 Related companies 7,495 8,294 12,119 18,537 Trade receivables, net 399,272 433,455 Concession receivable (Note c) 22,600 22,600 Other receivables (Note b) Amounts due from related parties: Associates 7,221 19,789 Joint venture 11 – Related companies 630 2,290 7,862 22,079 Deposits 29,022 43,752 Sundry receivables 13,844 14,996 50,728 80,827 Less: Allowance for ECL: Sundry receivables (2,977) (2,730) Other receivables, net 47,751 78,097 Other current assets Prepayments 22,047 52,242 Others – 524 22,047 52,766 Total 491,670 586,918 p.330 p.331 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
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