Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 113 4. Revenue (cont'd) (c) Other revenue 2019 2018 2019 2018 RM RM RM RM Dividend income from subsidiaries - - 23,940,000 17,100,000 Interest income from subsidiaries - - 1,206,408 1,891,350 Interest income from fixed deposits 33,254 48,812 33,254 48,812 33,254 48,812 25,179,662 19,040,162 5. Other operating income 2019 2018 RM RM Interest income from financial assets at amortised cost 1,457,740 1,451,250 Unwinding of discount on receivables 2,827,991 2,780,932 Rental income from machinery 70,081 491,472 Rental income from premises 299,617 260,065 Gain on disposal of property, plant and equipment 310,801 324,836 Gain on disposal of investment properties - 18,953 Gain on derecognition of right-of-use assets 60,880 - Miscellaneous income 2,525,748 3,017,750 Reversal of allowance for impairment on trade receivables 209,039 - 7,761,897 8,345,258 6. Finance costs 2019 2018 RM RM Interest expense on: - bank loan, bank overdrafts, invoice financing and bankers' acceptance 14,560,596 6,292,932 - hire purchase arrangements 4,389,449 4,150,515 - advance from joint venture 470,375 133,528 - lease liabilities (Note 24) 560,880 - Unwinding of discount on payables 2,453,995 2,296,926 22,435,295 12,873,901 Less: Interest expenses capitalised in development properties (Note 19) (5,704,329) (992,146) 16,730,966 11,881,755 Company Group Group Group