26 RECEIVABLES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Non-current assets Other receivables (Note i) 28,377 22,954 – – Deposits 5,241 5,241 – – Prepayments (Note ii) 142,470 136,557 – – 176,088 164,752 – – Loss allowance: Deposits (5,241) (5,241) – – 170,847 159,511 – – Current assets Trade receivables 1,285,215 1,338,931 – – Other receivables (Note i) 134,868 89,947 3,983 6,305 Prepayments (Note ii) 53,786 48,409 258 275 Deposits (Note iii) 42,202 47,741 2,971 5,442 Sales and services tax (“SST”) receivable 588 620 – – 1,516,659 1,525,648 7,212 12,022 Loss allowance: Trade receivables (165,225) (166,204) – – Other receivables (20,013) (22,739) – – Deposits (2,922) (3,053) – – 1,328,499 1,333,652 7,212 12,022 Total 1,499,346 1,493,163 7,212 12,022 (Note i) Included in non-current other receivables of the Group are lease receivables which represent outstanding net present value of receipts under leasing arrangements amounting to RM28,377,000 (2023: RM22,954,000). Included in current other receivables of the Group are cooking oil subsidy and sugar incentive receivable from Kementerian Perdagangan Dalam Negeri Dan Kos Sara Hidup of RM22,371,000 (2023: RM26,813,000) and RM24,000,000 (2023: RM24,000,000) respectively, amounts placed with brokers for CPO and sugar futures trading facilities totalling RM30,171,000 (2023: RM19,508,000) and lease receivables which represent outstanding net present value of receipts under leasing arrangements amounting to RM8,279,000 (2023: RM12,713,000). (Note ii) Included in non-current and current prepayments is a security deposit amounting to RM62,120,000 (2023: 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, and prepayment for purchase of precious metal to catalyse certain reactions in its production process at cost amounting to RM70,778,000 (2023: RM68,531,000). (Note iii) Included in current deposits of the Group are deposit in relation to medical insurance facilities amounting to RM7,815,000 (2023: RM7,991,000). Notes to the Financial Statements For the financial year ended 31 December 2024 135
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