280 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 14 AMOUNTS OWING BY/(TO) SUBSIDIARIES (CONTINUED) (a) Amounts owing by subsidiaries (continued) The movements in the Company’s allowance for impairment loss of amounts owing by subsidiaries during the financial year are as follows: Company 2025 RM’000 2024 RM’000 At 1 January 354 350 Impairment loss recognised - 4 At 31 December 354 354 There was no impairment deemed necessary to be recognised during the financial year ended 31 December 2025. In the financial year ended 31 December 2024, the amounts owing by subsidiaries were considered performing except for certain interest bearing loans and interest free advances owing by subsidiaries were deemed not performing. Accordingly, impairment loss of RM4,000 was recognised. (b) Amounts owing to subsidiaries Company 2025 RM’000 2024 RM’000 Interest bearing loans (unsecured) 66,350 65,600 Non-trade accounts 826 820 67,176 66,420 The effective interest rate of interest bearing loans as at 31 December 2025 ranges between 2.65% to 3.10% (2024: 2.80% to 3.11%) per annum. The loans are denominated in Ringgit Malaysia and are repayable on demand. Non-trade accounts are denominated in Ringgit Malaysia, unsecured, interest free and repayable on demand.
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