Wah Seong Corporation Berhad Annual Report 2020

154 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 16 TRADE AND OTHER RECEIVABLES (CONTINUED) The Group’s trade receivables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2020 2019 RM’000 RM’000 Gross trade receivables - United States Dollar 29,169 62,750 - Singapore Dollar 1,647 551 - Japanese Yen 189 1,895 - Indonesian Rupiah 167 15 - Euro Dollar 157 4,712 31,329 69,923 The Group’s and the Company’s other receivables, deposits and prepayments exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the Company) risk were: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Gross other receivables, deposits and prepayments - United States Dollar 29,456 40,019 12,095 12,266 - Euro Dollar 12,210 593 - - - British Pound 5,210 2,338 - - - Ringgit Malaysia 1,803 1,801 - - - Singapore Dollar 1,081 1,353 - - - Indonesian Rupiah 310 341 - - - China Renminbi - 710 - - - Norwegian Kroner - 376 - - 50,070 47,531 12,095 12,266 17 AMOUNTS OWING BY/(TO) SUBSIDIARIES (a) Amounts owing by subsidiaries Company 2020 2019 RM’000 RM’000 Interest bearing loans (unsecured) 24,309 201,864 Interest free advances (unsecured) 960 10,379 25,269 212,243 Less: Allowance for impairment loss - (43,106) 25,269 169,137 The effective interest rate of interest bearing loans as at 31 December 2020 ranges between 4.00% to 6.83% (2019: 4.25% to 8.85%) per annum. The loans and advances are recoverable on demand. During the financial year, an amount owing by a subsidiary amounting to RM65,000,000 was capitalised as investment in subsidiary.