Serba Dinamik Annual Report 2019

272 2019 ANNUAL REPORT FINANCIAL STATEMENTS SERBA DINAMIK HOLDINGS BERHAD 12. TRADE AND OTHER RECEIVABLES Group Company 2019 2018 2019 2018 Note RM’000 RM’000 RM’000 RM’000 Trade Trade receivables 1,204,311 923,617 - - -------------- -------------- -------------- -------------- Non-trade Amount due from subsidiaries 12.1 - - 1,797,507 1,365,410 Amount due from associates 12.2 40,216 13,593 - - Other receivables 11,605 20,067 - - 51,821 33,660 1,797,507 1,365,410 -------------- -------------- -------------- -------------- Total 1,256,132 957,277 1,797,507 1,365,410 =========== =========== =========== =========== 12.1 Amount due from subsidiaries are unsecured, subject to interest at range of 4.95% to 5.30% per annum (2018: Nil) and repayable on demand. 12.2 Amount due from associates are unsecured, subject to interest at range of 4.95% to 5.30% per annum (2018: Nil) and repayable on demand. 12.3 The Group entered into a non-recourse Receivables Purchase Framework Agreement with a licensed bank, of which the Group may request the bank to purchase certain trade receivables. An amount of RM106,403,767 (2018: RM104,544,732) have been derecognised from the statement of financial statement as at reporting date, because the Group has transferred substantially all the risk and reward - primary credit risk to the licensed bank. 12.4 Trade receivables denominated in foreign currencies comprise the following amounts. Group 2019 2018 RM’000 RM’000 United States Dollar (“USD”) 878,283 698,992 ========== ========== N O T E S T O T H E F I N A N C I A L S TAT E M E N T S