PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 142 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 15. TRADE AND OTHER RECEIVABLES (continued) (d) Movements in the impairment allowance for trade receivables are as follows: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 At 1 January 1,265 811 - - Charge for the financial year 12,592 471 - - Reversal (373) (23) - - Reclassification to assets held for sale (682) - - - Exchange differences (3) 6 - - At 31 December 12,799 1,265 - - (e) Movements in the impairment allowance for other receivables are as follows: 12-month ECL 2019 2018 RM’000 RM’000 Group At 1 January 8 - Charge for the financial year 220 8 Reclassification to assets held for sale (13) - At 31 December 215 8 12-month ECL Lifetime ECL - Credit impaired Total RM’000 RM’000 RM’000 Company At 1 January 2019 155 - 155 Charge for the financial year - 8,214 8,214 At 31 December 2019 155 8,214 8,369 At 1 January 2018 127 - 127 Charge for the financial year 50 - 50 Reversal (22) - (22) At 31 December 2018 155 - 155 (f) Amounts owing by subsidiaries (i) The amounts owing by subsidiaries represent advances and payments made on behalf, which are unsecured, interest-free and payable within next twelve months in cash and cash equivalents. (ii) Included in non-current amount owing by a subsidiary of RM55,289,000 (2018: RM52,621,000) represents a loan, which is unsecured, bears interest at 6.36% (2018: 6.36%) per annum and is payable in cash and cash equivalents upon issuance of certificate for the completion for the development project.