QL Resources Berhad (428915-X)
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11. Deferred tax assets/(liabilities) (Cont’d)
Unrecognised deferred tax (Cont’d)
The tax loss carry-forwards do not expire under current tax legislation, except for tax losses of a subsidiary in Vietnam
of RM804,000 (2015: RM2,282,000) which expire over a 4 years period and tax losses of subsidiaries in Indonesia of
RM177,774,000 (2015: RM146,736,000) which expire over a 5 years period.
Deferred tax assets have not been recognised in respect of the tax loss carry-forwards and unabsorbed capital
allowances because it is not probable that future taxable profit will be available against which the Group entities can
utilise the benefits there from.
12. Trade and other receivables
Group Company
2016 2015 2016 2015
Note RM’000 RM’000 RM’000 RM’000
Non-current
Subsidiaries 12.1 - - 430,345 360,466
Other receivables 12.2 6,422 5,190 - -
6,422 5,190 430,345 360,466
Current
Trade
Trade receivables 12.3 277,242 231,655 - -
Non-trade
Subsidiaries 12.1 - - 102,038 61,108
Other receivables 12.2 61,559 75,193 - -
61,559 75,193 102,038 61,108
338,801 306,848 102,038 61,108
345,223 312,038 532,383 421,574
12.1 Amounts due from subsidiaries
Subsidiaries
The amounts due from subsidiaries of the Company are in respect of advances, which are unsecured, interest
free and repayable on demand except for:
i) RM252,912,000 (2015: RM218,682,000) which is unsecured, subject to fixed interest rate from 4.60% to
6.00% (2015: 3.05% to 5.19%) per annum with fixed terms of repayment over a period of 1 to 5 years (2015:
1 to 5 years);
ii) RM18,283,000 (2015: RM32,933,000) which is unsecured, subject to fixed interest rate from 5.50% to 6.00%
(2015: 4.29% to 6.50%) per annum and is repayable on demand;
iii) RM177,433,000 (2015: RM130,812,000) which is subject to the Company’s weighted cost of funds (“COF”)
plus 0.50% (2015: COF plus 0.50%) per annum with fixed terms of repayment over a period of 1 to 6 years
(2015: 1 to 5 years); and
iv) RM79,240,000 (2015: RM25,256,000) which is subject to Company’s COF plus 0.50% (2015: COF plus
0.50%) per annum and is repayable on demand.
Notes to the Financial Statements
(Cont’d.)
