129 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 27 RECEIVABLES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Non-current assets Deposits 6,406 6,406 – – Prepayment (Note i) 137,066 136,078 – – 143,472 142,484 – – Loss allowance: Deposits (6,406) (6,406) – – 137,066 136,078 – – Current assets Trade receivables (Note ii) 1,301,426 1,300,490 – – Other receivables (Note iii) 154,577 240,288 6,263 2,564 Prepayments (Note i) 31,294 32,532 295 295 Deposits (Note iv) 48,234 34,207 7,687 7,673 Sales and services tax (“SST”) receivable 11,598 11,584 – – 1,547,129 1,619,101 14,245 10,532 Loss allowance: Trade receivables (177,747) (191,903) – – Other receivables (20,456) (13,564) – (195) Deposits (2,776) (2,679) – – 1,346,150 1,410,955 14,245 10,337 Total 1,483,216 1,547,033 14,245 10,337 (Note i) Included in non-current and current prepayments is a security deposit amounting to RM62,120,000 (2020: RM62,120,000) paid to ultimate holding company 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, lease receivables which represent outstanding net present value of receipts under leasing arrangements amounting to RM17,872,000 (2020: RM17,675,000) and prepayment for purchase of precious metal to catalyze certain reactions in its production process at cost amounting to RM57,531,000 (2020: RM51,899,000). (Note ii) Included in trade receivables are cooking oil subsidy receivable from Kementerian Perdagangan Dalam Negeri, Koperasi Dan Kepenggunaan of RM61,677,000 (2020: RM33,333,000). (Note iii) Included in other receivables of the Group are amounts placed with brokers for CPO and sugar futures trading facilities totalling RM74,711,000 (2020: RM54,031,000). (Note iv) Included in current deposits of the Group are deposit in relation to medical insurance facilities of the Group and of the Company amounting to RM7,991,000 (2020: RM8,000,000).
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