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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
18.
TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D)
Movement in allowance for impairment losses on other receivables is as follows:
The Group
2015
2014
RM
RM
At 1 January
1,006,445
1,006,445
Written off as bad debts
(1,006,445)
-
-
1,006,445
19.
AMOUNTS OWING BY/TO SUBSIDIARIES
The Company
2015
2014
RM
RM
Amount owing by:-
Advances
36,741,235
39,351,180
Non-trade balances
4,091,816
6,284,561
40,833,051
45,635,741
Allowance for impairment losses
(1,498,371)
(1,498,371)
39,334,680
44,137,370
Amount owing to:-
Advances
81,385
2,715,810
Non-trade balances
15,115,433
12,422,503
15,196,818
15,138,313
Allowance for impairment losses:-
At beginning of the year
(1,498,371)
(1,512,994)
Reversal during the financial year
-
14,623
At end of the year
(1,498,371)
(1,498,371)
The amounts owing by/to the subsidiaries arose mainly from unsecured advances and payments made on behalf. The
amount arising from unsecured advances bear interest at 3% (2014: 3%) per annum and is repayable on demand whilst
the amount arising from payments made on behalf is interest-free.
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)