MISC Integrated Annual Report 2020

20. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (CONT’D.) (d) Finance lease receivables (cont’d.) The following table sets out maturity analysis of the present value of lease receivables, showing the discounted lease payments to be received after the reporting date. (cont’d.) Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Analysed as: Due within 12 months (Note 22) 1,282,856 1,387,678 75,514 71,840 Due after 12 months (Note 22) 13,754,515 15,007,971 919,746 1,012,006 15,037,371 16,395,649 995,260 1,083,846 The effective interest rate of the Group’s finance lease receivables is between 3.75% to 7.60% (2019: 4.10% to 7.60%). Included in minimum lease receivables are the estimated unguaranteed residual values of the leased assets of RM576,575,000 (2019: RM557,323,000). The effective interest rate of the Corporation’s finance lease receivables is 7.60% (2019: 7.60%). Included in minimum lease receivables is the estimated unguaranteed residual value of the leased assets of RM32,094,000 (2019: RM32,659,000). As at the end of the financial year, the Group recognised additional finance lease receivables amounting to RM519,968,000 (2019: RM154,014,000) in relation to the delivery of a ship. 21. INVENTORIES Group 2020 2019 RM’000 RM’000 At cost 91,349 165,731 Inventories consist of bunkers, lubricants and raw materials. The cost of inventories recognised as cost of sales during the financial year of the Group was RM730,514,000 (2019: RM915,284,000). 22. TRADE AND OTHER RECEIVABLES Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Trade receivables Third parties 2,294,520 2,603,223 471,397 517,724 Fellow subsidiaries 104,405 73,147 2,512 28,733 Associates 26 44 26 44 Joint ventures 75,181 30,952 34,029 26,532 2,474,132 2,707,366 507,964 573,033 Finance lease receivables (Note 20(d)) 1,282,856 1,387,678 75,514 71,840 Due from customers on contracts (Note 23) 491,259 39,137 – – 4,248,247 4,134,181 583,478 644,873 Less: Impairment loss on trade receivables: Third parties (604,492) (641,334) (303,467) (355,655) Joint ventures (21,770) (22,154) (21,770) (22,154) (626,262) (663,488) (325,237) (377,809) Trade receivables, net 3,621,985 3,470,693 258,241 267,064 Other receivables Amount due from related parties: Holding company 109 109 – – Subsidiaries – – 1,375,158 740,780 Fellow subsidiaries 69 9,297 – – Joint ventures 9,278 10,384 807 1,408 9,456 19,790 1,375,965 742,188 Loans and advances: Subsidiaries – – 597,392 692,525 Deposits 11,425 10,058 2,276 2,315 Prepayments 1,592,105 193,875 1,288,542 6,765 Others 172,805 237,001 42,287 39,983 1,785,791 460,724 3,306,462 1,483,776 Less: Impairment loss on other receivables: Third parties (1,066) (712) (123) (71) Subsidiaries – – (4,048) (3,629) (1,066) (712) (4,171) (3,700) Other receivables, net 1,784,725 460,012 3,302,291 1,480,076 Total trade and other receivables 5,406,710 3,930,705 3,560,532 1,747,140 Add: Cash, deposits and bank balances (Note 24) 6,855,005 7,030,814 1,620,947 2,817,049 Add: Net loans and advances (Note 20(a)) 181,787 – 616,600 967,378 Add: Long term receivables (Note 20(a)) 103,546 113,511 – – Add: Long term finance lease receivables (Note 20(d)) 13,754,515 15,007,971 919,746 1,012,006 Less: Due from customers on contracts (Note 23) (491,259) (39,137) – – Less: Prepayments (1,592,105) (193,875) (1,288,542) (6,765) Total financial assets carried at amortised cost 24,218,199 25,849,989 5,429,283 6,536,808 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 410 10 411 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020