Financial Statements - Mewah Group

MEWAH INTERNATIONAL INC.
ANNUAL REPORT 2011
Notes to the Financial Statements
For the financial year ended 31 December 2011
15. Other receivables
Group
Company
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Non-trade receivables 16,770 9,774 139,433 44,616
Dividends receivable - - 15,000 17,273
Deposits 3,990 12,621 - -
Prepayments 3,830 4,525 1 1
24,590 26,920 154,434 61,890
Group
Non-trade receivables included US$6,837,000 (2010: US$6,167,000) subsidy receivable from Malaysian Palm Oil Board.
In 2011, non-trade receivables included US$5,513,000 held in commodity trading accounts in Bursa Malaysia Derivatives
Clearing Bhd. In 2010, the commodity trading accounts with Bursa Malaysia Derivatives Clearing Bhd was in a net payable
position (Note 23).
Deposits as at 31 December 2011 include US$Nil (2010: US$4,633,000) payment for the purchase of leasehold land.
Company
Non-trade receivables included US$91,295,000 (2010: US$38,404,000) short term loans to subsidiaries at interest rates
of 2.0 - 3.0% (2010: 2.0%) per annum and advances to subsidiaries of US$48,138,000 (2010: US$6,212,000) which were
repayable on demand.
Dividends receivable related to dividends declared and unpaid by subsidiaries. The amount was non-interest bearing and
repayable on demand.
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