308 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 24. Trade and other receivables (continued) (b) Other receivables (continued) Allowance for impairment is related to amounts due from its subsidiaries. Refer to Note 41(b)(ii) for the Group’s and the Company’s definition on performing, under-performing and not performing. 25. Other assets Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Current: Prepayments 78 50 5 3 Non-current: Prepayments 240 12 - - 318 62 5 3 As at 31 January 2022, the Group has recognised an asset of RM216 million (USD52 million) in relation to costs to fulfil a long-term charter contract which was secured during the current financial year. This is presented within non-current other assets in the balance sheet. The costs incurred primarily related to the cost of a FPSO vessel transferred from PPE as disclosed in Note 16 and engineering and manpower costs that are directly attributable to the long-term charter contract, generate resources that will be used in satisfying the contract and are expected to be recovered. 26. Cash and bank balances Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Cash on hand and at banks 2,598 1,346 213 7 Deposits with licensed banks 261 475 122 2 Cash and bank balances 2,859 1,821 335 9 For the purpose of the statements of cash flows, cash and cash equivalents at the reporting dates comprise the following: Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Cash and bank balances 2,859 1,821 335 9 Less: Restricted cash (1,364) (492) (2) (2) Cash and cash equivalents 1,495 1,329 333 7
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