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cover rationale - ChartNexus
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NOTES TO THE FINANCIAL STATEMENTS 31 AUGUST 2002 (CONTINUED)<br />
122<br />
18 DEFERRED TAXATION<br />
MALAYSIAN RESOURCES CORPORATION BERHAD<br />
Group Company<br />
2002 2001 2002 2001<br />
RM'000 RM'000 RM'000 RM'000<br />
At 1 September 19,159 12,540 - -<br />
Net transfers (to)/from<br />
income statement (Note 8) (11,853) 6,619 - -<br />
At 31 August 7,306 19,159 - -<br />
Representing the tax effects of:<br />
Timing difference relating to the recognition<br />
of property development income 7,306 19,159 - -<br />
Deferred taxation not provided for<br />
in the financial statements:<br />
Arising from revaluation of investment<br />
properties held for long term purpose 995 995 - -<br />
19 TRADE AND OTHER RECEIVABLES<br />
Non current<br />
Amount due from a related party 131,572 97,435 44,500 44,500<br />
The amount due from a related party relates to amounts owing from the sale of land.<br />
Current<br />
Trade receivables 133,813 185,997 49,164 68,236<br />
Less: Allowance for doubtful debts (40,248) (45,235) (26,602) (26,228)<br />
93,565 140,762 22,562 42,008<br />
Amounts due from customers on<br />
contracts (Note 21) 36,459 47,386 - -<br />
Amounts due from subsidiaries - - 985,897 846,629<br />
Less: Allowance for doubtful debts - - (584,836) (501,939)<br />
- - 401,061 344,690<br />
Amounts due from associates 514 514 4 4<br />
Amounts due from other related parties 25 367 - -<br />
Deposits 25,355 126,246 2,762 23,144<br />
Prepayments 5,443 5,323 256 2,756<br />
Other receivables 162,154 157,876 111,251 120,382<br />
Less: Allowance for doubtful debts (63,233) (66,156) (62,057) (60,707)<br />
260,282 412,318 475,839 472,277
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