Page 146 - S P Setia Annual Report 2013
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144 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

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






20. OtHeR ReceiVaBleS, DePOSitS anD PRePaYmentS

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000


Refundable deposits and part purchase considerations paid
for the acquisition of development land in
- Mukim Beranang, Daerah Ulu Langat, Negeri Selangor - 33,013 - -
- Seksyen 2, Town of Jelutong, District of Timor Laut, Pulau Pinang - 8,200 - -
- New Urban Zone, Tien Du District, Bac Ninh Province, Vietnam - 3,057 - -
- Mukim 12, District of Barat Daya, Pulau Pinang 1,367 1,367 - -
- Pekan Templer, District of Gombak 40,000 - - -
Advance payments in relation to the Privatisation Agreement 28,702 - - -
Prepaid development expenditure 96 7,321 - -
Refundable deposit placed with stakeholder for impending
acquisition of development land - 4,304 - -
Tender deposit - 3,366 - -
Dividend receivable - - 1,987 1,987
Amount owing from a purchaser for disposal of investment properties - 1,037 - 363
Value Added Tax/Government Service Tax receivables 150,168 16,706 - -
Other sundry receivables, deposits and prepayments 77,306 69,148 483 3,655
297,639 147,519 2,470 6,005
Allowance for doubtful debts (8,670) (7,674) - -
288,969 139,845 2,470 6,005

The refundable deposits and part purchase considerations were paid for the acquisition of development lands that have not been completed
as at 31 October 2013. The balance of these purchase considerations are disclosed as other commitments in note 43 below.
The Group has charged other receivables, deposits and prepayments amounting to approximately RM152,198,000 (2012 : RM18,023,000)
as security for bank borrowings.
The currency exposure profle of other receivables, deposits and prepayments after allowance for impairment losses is as follows:

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Ringgit Malaysia 134,922 117,083 2,470 6,005
US Dollar 136 3,673 - -
Sterling Pound 150,223 14,376 - -
Vietnamese Dong 2,352 3,634 - -
Australian Dollar 791 750 - -
Other currencies 545 329 - -
288,969 139,845 2,470 6,005
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