23. TRADE AND OTHER RECEIVABLES (CONT’D.) (b) Other receivables (cont’d.) (v) Accumulated impairment loss Movement as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 At 1 January 13,059 13,119 8,859 8,859 Charge for the financial year 1,321 1 – – Reversal for the financial year – (61) – – At 31 December 14,380 13,059 8,859 8,859 24. CONTRACT ASSETS Group 2021 2020 RM’000 RM’000 Accrued billings in respect of sales of development properties 227,418 296,033 Amounts due from contract customers (Note 24(a)) 2,734 2,631 Total contract assets 230,152 298,664 (a) Amounts due from contract customers Group 2021 2020 RM’000 RM’000 Aggregate cost incurred to date 34,517 33,080 Attributable profits 8,482 7,338 42,999 40,418 Less: Progress billings (40,265) (37,787) Amounts due from contract customers 2,734 2,631 25. CONTRACT COST ASSETS Group 2021 2020 RM’000 RM’000 Contract cost assets Costs to fulfill a contract 81,786 23,890 Costs to obtain contracts with customers 38,613 16,805 120,399 40,695 Group 2021 2020 RM’000 RM’000 Costs to fulfill a contract At 1 January 23,890 14,128 Additions 191,670 144,928 Transfer from inventories (Note 16(b)) 207,495 148,188 Acquisition of a subsidiary 1,049 – Amortisation for the financial year (342,318) (283,354) At 31 December 81,786 23,890 Costs to obtain contracts with customers At 1 January 16,805 6,424 Additions 39,948 25,435 Acquisition of a subsidiary 235 – Amortisation for the financial year (18,375) (15,054) At 31 December 38,613 16,805 Certain costs to fulfill a contract with carrying amount of RM45,904,000 (2020: RM7,988,000) are pledged as securities for bank borrowings as disclosed in Note 32. 26. CASH AND BANK BALANCES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Deposits with licensed banks 97,777 148,191 16,410 50,344 Cash in hand and at banks 540,826 473,701 30,138 14,631 Cash and bank balances (Note 47) 638,603 621,892 46,548 64,975 For the purpose of statements of cash flows: Cash and bank balances 638,603 621,892 46,548 64,975 Less: - Cash and bank balances not available for use (184,690) (198,188) (45,843) (57,387) - Bank overdrafts (Note 32) (18,214) (19,612) (18,214) (19,612) Total cash and cash equivalents 435,699 404,092 (17,509) (12,024) FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 306 307
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