Tropicana Corporation Berhad Annual Report 2020

23. TRADE AND OTHER RECEIVABLES (CONT'D.) (b) Other receivables (cont'd.) (v) Accumulated impairment loss Movement as follows: Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 At 1 January 13,119 19,014 8,859 8,859 Charge for the financial year 1 806 – – Reversal for the financial year (61) (6,701) – – At 31 December 13,059 13,119 8,859 8,859 24. CONTRACT ASSETS Group 2020 2019 RM'000 RM'000 Non-current Accrued billings in respect of sales of development properties – 18,675 Current Accrued billings in respect of sales of development properties 296,033 283,579 Amounts due from contract customers (Note 24(a)) 2,631 1,457 298,664 285,036 Total contract assets 298,664 303,711 (a) Amounts due from contract customers Group 2020 2019 RM'000 RM'000 Aggregate cost incurred to date 33,080 10,561 Attributable profits 7,338 1,436 40,418 11,997 Less: Progress billings (37,787) (10,540) Amounts due from contract customers 2,631 1,457 25. CONTRACT COST ASSETS Group 2020 2019 RM'000 RM'000 Contract cost assets Costs to fulfill a contract 23,890 14,128 Costs to obtain contracts with customers 16,805 6,424 40,695 20,552 Costs to fulfill a contract At 1 January 14,128 38,324 Additions 144,928 241,930 Transfer from inventories (Note 16(b)) 148,188 139,076 Amortisation for the financial year (283,354) (405,202) At 31 December 23,890 14,128 Costs to obtain contracts with customers At 1 January 6,424 8,192 Additions 25,435 10,048 Amortisation for the financial year (15,054) (11,816) At 31 December 16,805 6,424 Certain costs to fulfill a contract with carrying amount of RM7,988,000 (2019: RM13,023,000) are pledged as securities for bank borrowings as disclosed in Note 32. 26. CASH AND BANK BALANCES Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Deposits with licensed banks 148,191 160,485 50,344 39,715 Cash in hand and at banks 473,701 594,464 14,631 12,296 Cash and bank balances (Note 47) 621,892 754,949 64,975 52,011 For the purpose of statements of cash flows: Cash and bank balances 621,892 754,949 64,975 52,011 Less: - Cash and bank balances not available for use (198,188) (163,611) (57,387) (36,634) - Bank overdrafts (Note 32) (19,612) – (19,612) – Total cash and cash equivalents 404,092 591,338 (12,024) 15,377 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 250 251