Frontken Berhad Annual Report 2020

Annual Report 2020 112 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D) Other receivables, deposits and prepaid expenses consist of:- The Group The Company 2020 2019 2020 2019 RM RM RM RM Other receivables 4,242,613 4,781,847 – 53,694 Deposits 2,168,158 1,674,468 4,750 4,850 Prepaid expenses 1,120,562 923,795 20,717 21,235 7,531,333 7,380,110 25,467 79,779 18. AMOUNTS OWING BY/(TO) SUBSIDIARIES The Company 2020 2019 RM RM Amount owing by:- Advances 2,989,079 2,989,079 Dividend receivables 28,788,798 162,000 31,777,877 3,151,079 Allowance for impairment losses (2,989,079) (2,989,079) 28,788,798 162,000 Amount owing to:- Non-trade balances – (3,431,325) The Company 2020 2019 RM RM Allowance for impairment losses:- At 1 January (2,989,079) (4,487,450) Writeback of allowance for impairment losses – 271,455 Written off as bad debts – 1,226,916 At 31 December (2,989,079) (2,989,079) The amounts owing arose mainly from unsecured advances and payments made on behalf. The amount arising from payments made on behalf is interest-free. The amount owing is to be settled in cash.