FGV Audited Financial Statements 2019

161 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 27 RECEIVABLES Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Non-current assets Deposits 6,406 6,406 - - Prepayment (Note i) 86,736 76,211 - - 93,142 82,617 - - Loss allowance: Deposits (6,406) (6,406) - - 86,736 76,211 - - Current assets Trade receivables (Note ii) 1,152,909 1,047,593 - - Other receivables (Note iii) 138,725 144,714 5,502 5,891 Prepayments 55,243 47,635 279 339 Deposits (Note iv) 66,742 80,641 10,972 11,076 Goods and services tax (“GST”) receivable 6,382 116,832 - - 1,420,001 1,437,415 16,753 17,306 Loss allowance: Trade receivables (190,973) (185,912) - - Other receivables (13,140) (12,943) - - Deposits (2,671) (2,699) - - 1,213,217 1,235,861 16,753 17,306 Total 1,299,953 1,312,072 16,753 17,306 (Note i) Included in non-current prepayments is a security deposit amounting to RM62,120,000 (2018: RM62,120,000) paid to a significant shareholder under the LLA dated 1 November 2011, which shall be set off towards any payment of the lease amount prior to expiry or sooner upon reclamation of land under the LLA and lease receivables which represent outstanding net present value of receipts under leasing arrangements amounting to RM14,484,000 (2018: RM6,775,000). (Note ii) Included in trade receivables are cooking oil subsidy receivable from Kementerian Perdagangan Dalam Negeri, Koperasi Dan Kepenggunaan of RM6,786,000 (2018: RM2,253,000). (Note iiii) Included in other receivables of the Group are deposit for CPO and sugar futures trading facilities amounting to RM58,363,000 (2018: RM31,421,000). (Note iv) Included in current deposits of the Group are deposit for Provisional Pricing Agreement (“PPA”) entered into with a supplier for precious metals for use in production amounting to RM46,246,000 (2018: RM57,359,000) and deposits in relation to insurance facilities of the Group and of the Company amounting to RM8,000,000 (2018: RM5,868,000).