$'" TRADE#AND#OTHER#RECEIVABLES#(CONT’D") (b) Other!receivables (i) Security!retainers!accumulation!fund Group +"+$ +"++ RM’""" RM’""" At!#!January! !'%)$&! !/&""+! Unrealised!returns!(Note!-) !+$+! !""1! !'%&&.! !/&110! Less)!Amortisation!for!the!financial!year!(Note!-) (##) !($$) At!$#!December !'%&'(! !/&1+%! The!security!retainers!accumulation!fund!of!the!golf!and!country!resort!of!the!Group!relates!to!the!unamortised!portion!of! the!single!premium!paid!for!the!purchase!of!a!Group!Endowment!with!Profits’!policy!from!a!local!insurer!in!$--1!and!the! unrealised!returns!accrues!annually!to!this!policy!on!a!cumulative!basis'! The! total! accumulated! returns! together! with! the! insured! sum! will! only! be! received! upon! maturity! of! the! said! policy! on! "!October!"#/$'!The!purpose!of!this!scheme!is!to!provide!the!Group!with!funds!to!repay!the!security!retainers!received! from!members!of!the!golf!and!country!resort!of!the!Group&!who!were!registered!prior!to!January!$--+&!at!the!end!of!their! membership!license!term!on!-!October!"#/$' (ii) Amounts!due!from!subsidiaries!and!joint!ventures The!amounts!due!from!subsidiaries!of!the!Company!amounting!to!RM,//&/##&###!("#"")!RM$&/##&###&###)!bore!interest! ranging!from!/'1/3!to!/',#3!("#"")!/'1/3!to!/',#3)!per!annum!during!the!financial!year'!The!balances!of!the!amount!are!nontrade!in!nature&!unsecured&!non-interest!bearing!and!have!no!fixed!terms!of!repayment!except!for!these!amounts!classified!as! non-current!which!are!not!expected!to!be!repaid!within!the!next!twelve!months'!Further!details!on!related!party!transactions! are!disclosed!in!Note!+%' The!amounts!due!from!joint!ventures!are!non-trade!in!nature&!unsecured&!non-interest!bearing!and!have!no!fixed!terms!of! repayment' (iii) Included!in!deposits!of!the!Group!was!deposits!paid!for!the!acquisition!of!land!amounting!to!RM1&1##&###!("#"")!RM!nil)' (iv) Included!in!sundry!receivables!of!the!Group!are!partial!disposal!proceeds!amounting!to!RM,$&###&###!receivable!from!a! stakeholder!arising!from!the!disposal!of!W!Kuala!Lumpur!as!disclosed!in!Note!"0(a)(i)' (v) The!Group!and!the!Company!have!no!significant!concentration!of!credit!risk!included!under!sundry!receivables!that!may!arise! from!exposures!to!a!single!debtor!or!to!group!of!debtors!except!for!amounts!due!from!subsidiaries' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 256 ANNUAL REPORT 2023
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