7 169 168 Notes to the Financial Statements Notes to the Financial Statements 10. TRADE AND OTHER RECEIVABLES Note Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Non-current Subsidiaries 10.1 - - 170,068 348,243 Other receivables 10.2 25,185 23,778 - - Trade receivables 900 836 - - 26,085 24,614 170,068 348,243 Current Trade Trade receivables 462,016 427,617 - - Non-trade Subsidiaries 10.1 - - 213,212 198,522 Less: Impairment loss - - (5,206) (981) - - 208,006 197,541 Other receivables 10.2 154,425 67,503 - - 154,425 67,503 208,006 197,541 616,441 495,120 208,006 197,541 642,526 519,734 378,074 545,784 10.1 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) RM127,929,000 (2022: RM191,932,000) which is unsecured, subject to fixed interest rate from 1.70% to 4.67% (2022: 1.70% to 6.00%) per annum with fixed terms of repayment over a period of 1 to 5 years (2022: 1 to 7 years); ii) RM238,184,000 (2022: RM333,392,000) which is subject to the Company’s weighted average cost of funds (“COF”) (2022: COF) per annum with fixed terms of repayment over a period of 1 to 6 years (2022: 1 to 7 years); and iii) RM Nil (2022: RM676,000) which is subject to Company’s COF (2022: COF) per annum and is repayable on demand. 10.2 Other receivables i) Included in non-current other receivables of the Group are advances for plasma plantation projects in Indonesia amounting to RM16,796,000 (2022: RM16,564,000). The advances made by the Group in the form of plasma plantation development costs are recoverable from the plasma farmers upon the completion and handover of the plasma plantation projects to plasma farmers. These advances are recoverable from plasma farmers or through bank loans obtained by plasma farmers. Impairment losses are made when the estimated amount recoverable is less than the outstanding advances. ii) Included in non-current other receivables of the Group are refundable deposits paid amounting to RM8,389,000 (2022: RM7,214,000). 10. TRADE AND OTHER RECEIVABLES (CONTINUED) 10.2 Other receivables (continued) iii) Included in current other receivables of the Group relate to refundable deposits for utilities amounting to RM4,570,000 (2022: RM3,697,000) and advance payments for purchases of plant and equipment amounting to RM7,139,000 (2022: RM6,483,000). iv) Included in current other receivables of the Group are advances made to suppliers of certain subsidiaries amounting to RM54,440,000 (2022: RM33,581,000) to secure the constant source of raw material supplies for the manufacturing activities. The amount is net of impairment loss on advances to suppliers, unsecured, interest free and repayment is substantially made through the supply of raw materials. v) Included in other receivables of the Group are government subsidy receivables amounting to RM38,257,000 (2022: RM9,030,000). vi) Included in current other receivables arising from remaining purchase consideration of the disposal of assets classified as held for sale amounting to RM27,804,000 (2022: RM Nil). 10.3 Trade receivables Included in the trade receivables of the Group are the following amounts due from related parties: Group 2023 RM’000 2022 RM’000 A person connected with a Director 677 632 Companies in which certain Directors have interests 2,511 5,027 3,188 5,659 The amounts due from related parties are subject to normal trade terms. 11. BIOLOGICAL ASSETS Group 2023 RM’000 2022 RM’000 At cost: Aquaculture biological assets 1,549 5,229 At fair value less cost to sell: - Livestock biological assets 246,214 219,166 - Hatching eggs 2,934 4,468 - Fresh fruit bunches 1,217 3,125 250,365 226,759 251,914 231,988
RkJQdWJsaXNoZXIy NTkwNzg=