NOTES TO THE FINANCIAL STATEMENTS Cont’d 12. Trade and other receivables Group Company 2022 2021 2022 2021 Note RM’000 RM’000 RM’000 RM’000 Non-current Non-trade Amounts due from subsidiaries 12.1 - - 88 31,605 Loans to a subsidiary 12.1 - - 1,444,545 2,048,109 - - 1,444,633 2,079,714 Current Trade Trade receivables from contracts with customers 1,563,082 1,417,295 - - Less: Individual impairment allowance (10,601) (12,139) - - 1,552,481 1,405,156 - - Amounts due from subsidiaries 12.1 - - 1,458,160 28,490 Amount due from an associate 12.1 11,529 10,950 - - 1,564,010 1,416,106 1,458,160 28,490 Non-trade Amounts due from subsidiaries 12.1 - - 93,536 329,402 Amount due from an associate 12.1 - 846 - - Loans to a subsidiary 12.1 - - 308,650 250,000 Other receivables 12.2 414,229 300,006 - 16,986 Deposits 9,629 14,242 126 99 423,858 315,094 402,312 596,487 1,987,868 1,731,200 1,860,472 624,977 1,987,868 1,731,200 3,305,105 2,704,691 12.1 Related party balances The non-current non-trade balances due from subsidiaries are unsecured, interest free and are unlikely to be realised within twelve months after the end of the reporting period. Loans to a subsidiary are unsecured, subject to interest ranging from 3.0% to 5.0% (2021: 3.0% to 5.0%) per annum repayable from year 2021 to 2029. The current non-trade balances due from subsidiaries and an associate are unsecured, interest free and are expected to be realised within twelve months after the end of the reporting period. 12.2 Other receivables Included in other receivables of the Group are advances made to purchasing agents for the procurement of capital work-in-progress, spare parts and materials on behalf of the Group entities amounting to RM350,353,000 (2021: RM147,165,000). PRESS METAL ALUMINIUM HOLDINGS BERHAD 257
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