Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 14 TRADE AND OTHER RECEIVABLES (CONTINUED) The Group’s and the Company’s other receivables, deposits and prepayments exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the Company) risk were: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Gross other receivables, deposits and prepayments - United States Dollar 39,009 34,875 - 13,247 - Euro Dollar 14,631 2,461 - - - Japanese Yen 5,285 - - - - Ringgit Malaysia 2,900 2,259 - - - Indonesian Rupiah 1,299 6,363 - - - China Renminbi 922 - - - - Singapore Dollar 580 1,245 - - - Qatari Rial - 12,998 - - 64,626 60,201 - 13,247 15 AMOUNTS OWING BY/(TO) SUBSIDIARIES (a) Amounts owing by subsidiaries Company 2023 2022 RM’000 RM’000 Interest bearing loans (unsecured) 14,250 9,668 Interest free advances (unsecured) 2,221 11,621 16,471 21,289 Less: Allowance for impairment loss (350) (2,792) 16,121 18,497 The effective interest rate of interest bearing loans as at 31 December 2023 ranges between 6.15% to 6.40% (2022: 3.94% to 6.15%) per annum. The loans and advances are denominated in Ringgit Malaysia and are recoverable on demand. 237 Wasco Berhad
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