PRG Holdings Berhad Annual Report 2020

16. TRADE AND OTHER RECEIVABLES (continued) (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) In the previous financial year, included in non-current amount owing by a subsidiary of RM55,289,000 represents a loan, which is unsecured, bears interest at 6.36% per annum and is payable in cash and cash equivalents upon issuance of certificate for the completion for the development project. (g) Amounts owing by associates Trade amount owing by an associate is non-interest bearing and the normal trade credit terms granted by the Group is thirty (30) days (2019: thirty (30) days) from date of invoice. They are recognised at their original invoice amounts, which represent their fair values on initial recognition. Included in amounts owing by associates of the Group are loans to an associate amounting to RM4,984,000 (2019: RM4,623,000), which are unsecured, bear interest at 3% (2019: 3%) per annum and are payable in cash and cash equivalents. The remaining amounts owing by associates represent advances and payments made on behalf, which are unsecured, interest-free and payable within next twelve months in cash and cash equivalents. (h) Included in non-current other receivables is an amount of RM54,052,000 which is secured by kind of property unit, bears interest at 8% per annum and is payable in cash and cash equivalents upon issuance of certificate for the completion for the development project. (i) Amount owing by a joint venture Trade amount owing by a joint venture is non-interest bearing and the normal trade credit terms granted by the Group range from fifteen (15) days to ninety (90) days (2019: fifteen (15) days to ninety (90) days) from date of invoice. They are recognised at their original invoice amounts, which represent their fair values on initial recognition. Non-trade amount owing by a joint venture represents payments made on behalf and commission charges, which are unsecured, interest-free and payable within next twelve months in cash and cash equivalents. (j) Currency exposure profile The currency exposure profile of trade and other receivables (exclude prepayments) are as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 72,644 6,333 128,533 125,218 United States Dollar 16,434 18,449 - - Vietnamese Dong 5,598 3,441 - - Hong Kong Dollar 6,211 26,454 - - Singapore Dollar 1,424 4,673 76 509 Chinese Renminbi 7,906 6,207 - - Pound Sterling - 60 - - 110,217 65,617 128,609 125,727 (k) Information on financial risks of trade and other receivables is disclosed in Note 39 to the financial statements. PRG HOLDINGS BERHAD 142 Notes to the Financial Statements 31 December 2020 cont’d