perspective perspective - ChartNexus

21 TRADE AND OTHER RECEIVABLES
139
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Trade receivables 70,265 68,340 297 297
Less: Allowance for doubtful debts (10,234)
–––––––––––––––––––
(11,718)
–––––––––––––––––––
(297)
–––––––––––––––––––
(297)
–––––––––––––––––––
60,031 56,622 – –
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
Other receivables 5,648 5,716 6,550 56
Less: Allowance for doubtful debts (1,382) (1,282) – –
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
4,266 4,434 6,550 56
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
Amounts due from subsidiary companies – – 161,720 155,100
Amounts due from related companies 16 4 – –
Deposits 3,444 3,528 176 591
Prepayments 480 138 423 44
Accrued billings in respect of property development 15,344 7,435 – –
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
19,284 11,105 162,319 155,735
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
83,581 72,161 168,869 155,791
================= ================= ================= =================
Included in the trade receivables of the Group are balances due (to)/from Directors as follows:
Group
2005 2004
RM’000 RM’000
Amount due (to)/from Directors (5) 101
================= =================
Credit terms of trade receivables range from 7 days to 365 days. Included in trade receivables is an amount owed by a purchaser
of a parcel of land under the deferred payment scheme, who was granted a credit term of 365 days in accordance with the terms
of the sale and purchase agreement.
22 DEPOSITS, BANK AND CASH BALANCES
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Bank and cash balances
Bank balances under Housing
13,982 3,894 6,574 881
Development Accounts (“HDA”) 32,187 14,195 – –
Bank balances under sinking fund 1,416
–––––––––––––––––––
–
–––––––––––––––––––
–
–––––––––––––––––––
–
–––––––––––––––––––
47,585 18,089 6,574 881
================= ================= ================= =================
The effective weighted average interest rates of bank balances as at the balance sheet dates were as follows:
Group Company
2005 2004 2005 2004
% % % %
Bank balances
Bank balances under Housing
0.85 0.30 1.98 1.34
Development Accounts (“HDA”) 2.02 1.97 – –
================= ================= ================= =================
Bank balances are deposits held at call with banks.
UNITED MALAYAN LAND BHD