FGV Annual Report 2015

297 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 27 RECEIVABLES Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 (Restated) Non-current assets Deposits τ 371,906 96,656 - 86,624 Prepayment @ 87,419 68,617 - - 459,325 165,273 - 86,624 Current assets Trade receivables * 1,348,064 833,416 - - Less: Provision for impairment (7,523) (5,709) - - 1,340,541 827,707 - - Amount due from customer on contracts (Note 51) 5,621 6,234 - - Total trade receivables 1,346,162 833,941 - - Other receivables # 209,540 164,041 4,182 1,157 Prepayments 30,201 75,397 330 18,729 Deposits ^ 162,450 16,031 6,732 194 Good and service tax (“GST”) receivable 145,918 - - - 1,894,271 1,089,410 11,244 20,080 Total 2,353,596 1,254,683 11,244 106,704 τ Included in the non-current assets as at 31 December 2015 is a deposit paid in connection with the proposed acquisition of a piece of land owned by Golden Land Berhad and its four subsidiaries amounting to RM365.5 million. In previous financial year, part of the deposits amounting to RM86.62million was attributable to deposit paid for the acquisition of a 100% equity interest in Felda Iffco South China Ltd, a subsidiary of Felda Iffco Sdn. Bhd., which is a joint venture of the Group. @ Included in non-current prepayments is a security deposit amounting to RM62,120,000 (2014: 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 determination of the LLA. * Included in trade receivables is cooking oil subsidy receivable from Malaysian Palm Oil Board of RM17,139,000 (2014: RM31,722,000). # Included in other receivables within current assets in the previous financial year was an advance of RM35,435,000 made in respect of a broadband project of FELDA. ^ Included in deposits are deposits relating to building of a sugar refinery for MSM Sugar Refinery (Johor) Sdn. Bhd. amounting to RM74,634,000 (2014: Nil), deposit for sugar futures trading facilities amounting to RM36,560,000 (2014: RM67,000) and deposit for purchase of CPO amounting to RM19,501,000 (2014: RM Nil).