Yinson Annual Report 2020

277 Annual Report 2020 24. Trade and other receivables (CONTINUED) (a) Trade receivables Movement for trade receivables allowance for impairment accounts: Group 2020 2019 RM’000 RM’000 At 1 February 10,047 7,272 Impact arising from application of MFRS 9 - 1,611 At 1 February (restated) 10,047 8,883 Charge for the financial year 995 1,070 Reversal of impairment loss (1,665) - Exchange differences 5 94 At 31 January 9,382 10,047 Trade receivables that are individually determined to be impaired at the reporting date related to debtors that are in significant financial difficulties and/or have defaulted on payments. These receivables are not secured by any collateral or credit enhancements. (b) Other receivables Included in other receivables is an accrued reimbursable recoverable income totalling RM7,263,000 (2019: RM7,276,000) representing the Group’s rights to be compensated under the contractual terms with the customer for the additional tax expense incurred. Amounts due from subsidiaries bearing interest of COF + 0.50% (2019: KLIBOR + 3.00%) per annum are denominated in USD and RM. The amounts are unsecured and revolving on daily basis, except for amounts of RM401,171,000 (2019: RM552,727,000) which are not expected to be recovered 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 revolving on daily basis, except for amounts of RM239,198,000 (2019: RM374,000,000) which are not expected to be recovered within next 12 months. Included in the amounts due from subsidiaries are advances novated from subsidiaries of RM655,954,000 and consideration receivable on disposal of RM6,650,000, which arose from an internal re-organisation exercise carried out during the current financial year. Amounts due from joint ventures are unsecured and bear interest of 6.73% to 8.97% (2019: 5.00% to 8.52%) per annum. These amounts are denominated in USD.