2019 UEM Edgenta Annual Report

216 Notes to the Financial Statements For the year ended 31 December 2019 21. TRADE AND OTHER RECEIVABLES (CONT’D.) (a) Trade receivables (cont’d.) Amount due from a debtor of a foreign subsidiary Included in the Group’s non-current trade receivables is an amount due from a debtor of a foreign subsidiary, which is non- interest bearing, unsecured and is to be paid in cash. The movement of the amount is as follows: Group 2019 RM’000 2018 RM’000 At 1 January 27,662 27,114 Received during the year (27,658) - Exchange difference (4) 548 At 31 December - 27,662 Less: Allowance for ECL At 1 January (27,662) (27,114) Reversal of allowance 27,658 - Exchange difference 4 (548) At 31 December - (27,662) Net debt - - (b) Other receivables Amounts due from subsidiaries and related companies Amounts due from subsidiaries, related companies and associates are non-trade related, non-interest bearing and repayable on demand except for an amount due from subsidiaries of RM13,795,666 (2018: RM7,564,912) which bears interest at ranging from 4.75% to 5.00% (2018: 4.75% to 5.00%) per annum. All related companies balances are unsecured and are to be settled in cash. The loan to a subsidiary is subordinated to the subsidiary’s borrowing from a financial institution until the borrowing is fully repaid as disclosed in Note 29(a). Further details on related party transactions are disclosed in Note 40. Other receivables that are impaired At the reporting date, the Group and the Company have provided an allowance of RM3.0 million (2018: RM3.0 million) and RM0.02 million (2018: RM0.02 million) respectively. These mainly relate to balances due from third parties which have been long outstanding. (c) Concession receivable This is in relation to a concession arrangement in which the Group provides retro-fitting works and upgrades of infrastructure to turn existing buildings into green buildings. These amounts are to be repaid over the remaining period of the concession. These amounts are also pledged as security for the borrowing obtained for this concession as disclosed in Note 29(b).