Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 154 17 TRADE AND OTHER RECEIVABLES (CONTINUED) The Group’s other receivables, deposits and prepayments exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk, based on carrying amounts as at the end of the financial year, were: Group 2017 RM'000 2016 RM'000 Other receivables, deposits and prepayments - United States Dollar 6,605 38,320 - Japanese Yen 6,106 20,109 - Euro Dollar 1,538 22,750 - Singapore Dollar 928 1,155 - Indonesian Rupiah 336 2,071 - Ringgit Malaysia 502 - - Norwegian Kroner 442 - - China Renminbi - 3,764 - United Arab Emirates Dirham - 499 16,457 88,668 Other receivables, deposits and prepayments of the Company are denominated in Ringgit Malaysia. 18 AMOUNTS OWING BY/(TO) SUBSIDIARIES (a) Amounts owing by subsidiaries Company 2017 RM'000 2016 RM'000 Interest bearing loans (unsecured) 183,191 296,246 Interest free advances (unsecured) 9,786 3,177 192,977 299,423 Less: Allowance for impairment loss (43,106) (43,661) 149,871 255,762 The effective interest rate of interest bearing loans as at 31 December 2017 ranges between 2.00% to 6.25% (2016: 1.50% to 6.25%) per annum. The loans and advances are recoverable on demand.