Yinson Annual Report 2018

24. TRADE AND OTHER RECEIVABLES (CONTINUED) (b) Other receivables Included in other receivables is an accrued reimbursable recoverable income totalling RM21,625,000 (2017: RM18,016,000) representing the Group’s rights to be compensated under the contractual terms with the customer for the additional tax expense incurred. The accrued reimbursable income recoverable includes RM13,506,000 (2017: RM9,461,000) which arise from a change in tax administration for the foreign operation of a subsidiary as disclosed in Note 5(g). Amounts due from subsidiaries bearing interest of KLIBOR + 3.00% are denominated in USD and RM. The amounts are unsecured and repayable upon demand, except for amounts of RM527,366,000 (2017: RM407,440,000) which are not expected to recover within the next 12 months. Amounts due from subsidiaries which are non interest bearing are denominated in USD and RM. These amounts are unsecured and repayable upon demand, except for amounts of RM49,883,000 (2017: Nil) which are not expected to recover within next 12 months. Amounts due from joint ventures are unsecured and bear interest of 4.50% to 5.77% (2017: 4.12% to 4.53%). These amounts are denominated in USD. Other receivables that are impaired and provided for The Group’s other receivables that are individually impaired at the reporting date and the movement of the allowance accounts used to record the impairment are as follows: Group 2018 2017 RM’000 RM’000 Other receivables - More than 121 days past due and impaired 23,469 23,469 Less: Allowance for impairment (23,469) (23,469) – – Movement for other receivables allowance accounts: At 1 February 23,469 – Charge for the financial year – 23,469 At 31 January 23,469 23,469 The impairment charge in the previous financial year relates to deposits placed for an asset. As the completion of this purchase was uncertain, management has prudently impaired these deposits. Corporate Overview Stewardship Governance Accountability 159 Yinson Holdings Berhad Annual Report 2018