Page 139 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 137





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






10. amOUntS OWinG BY/tO SUBSiDiaRY cOmPanieS
Amounts owing by subsidiary companies included under non-current assets

The amounts owing by subsidiary companies included under non-current assets represent unsecured advances which are not expected to
be recalled within the next 12 months and are analysed as follows:


company
2013 2012
Rm’000 Rm’000


Bearing interest at 4.15% to 4.53% (2012 : 4.15% to 4.79%) per annum 1,545,175 1,109,809
Interest free 86,851 58,656
Unquoted cumulative redeemable preference shares 21,673 -
1,653,699 1,168,465
Allowance for doubtful debts (10) (6)
1,653,689 1,168,459


Amounts owing by subsidiary companies included under current assets
company
2013 2012
Rm’000 Rm’000


Trade accounts:
- retention sums receivable 2,187 2,187
- allowance for doubtful debts (795) (795)
1,392 1,392
Unsecured advances:
- bearing interest at 4.15% to 4.53% (2012 : 4.15% to 4.36%) per annum 415,275 576,720
- interest free 540,276 200,357
- unquoted cumulative redeemable preference shares 27,658 -
983,209 777,077
Allowance for doubtful debts (8,859) (16,846)
974,350 760,231
975,742 761,623


The trade accounts are expected to be settled within the normal credit periods. Unsecured advances are repayable on demand.
Amounts owing to subsidiary companies included under current liabilities
company
2013 2012
Rm’000 Rm’000

Trade accounts - retention sums 1,310 1,310
Unsecured interest free advances 162,101 92,238
163,411 93,548


The trade accounts are expected to be settled within the normal credit periods. The unsecured interest free advances are payable on
demand.
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