Yinson Annual Report 2019

Yinson Holdings Berhad ANNUAL REPORT 2019 176 24. TRADE AND OTHER RECEIVABLES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Current: Trade receivables Third parties 138,694 214,980 – – Joint ventures 38,037 14,069 – – Associates – 334 – – Directors’ related companies 1,665 1,609 – – 178,396 230,992 – – Accumulated impairment loss (10,047) (7,272) – – 168,349 223,720 – – Other receivables Refundable deposits 26,174 25,168 340 517 Sundry receivables 167,245 120,324 334 5,769 Due from subsidiaries: - bearing interest of KLIBOR + 3.00% p.a. – – 142,329 62,054 - non-interest bearing – – 112,534 9,185 Due from joint ventures 112,576 23,257 1,062 1 Due from associates – 40 – 40 305,995 168,789 256,599 77,566 Accumulated impairment loss (45,148) (23,469) (70,879) – 260,847 145,320 185,720 77,566 429,196 369,040 185,720 77,566 Non-current: Other receivables Loans to subsidiaries - bearing interest of KLIBOR + 3.00% p.a. – – 552,727 527,366 - non-interest bearing – – 374,000 49,883 Due from a joint venture – 6,497 – 6,497 – 6,497 926,727 583,746 Accumulated impairment loss – – (30,982) – – 6,497 895,745 583,746 Total trade and other receivables 429,196 375,537 1,081,465 661,312 Trade receivables are non-interest bearing and are generally on 30 (2018: 30) day terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. For the financial year ended 31 January 2019 Notes to the financial statements (cont’d)