Background Image
Table of Contents Table of Contents
Previous Page  159 / 234 Next Page
Information
Show Menu
Previous Page 159 / 234 Next Page
Page Background

Annual Report 2014 | S P SETIA BERHAD GROUP | 157

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

9. 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

2014

2013

RM’000

RM’000

Restated

Bearing interest at 4.15% to 4.49% (2013 : 4.15% to 4.53%) per annum

2,245,825

1,683,738

Interest free

91,328

86,851

Unquoted redeemable cumulative preference shares

100,769

115,873

2,437,922

1,886,462

Allowance for doubtful debts

-

(10)

2,437,922

1,886,452

Amounts owing by subsidiary companies included under current assets

Company

2014

2013

RM’000

RM’000

Restated

Trade accounts:

- retention sums receivable

807

2,187

- allowance for doubtful debts

(795)

(795)

12

1,392

Unsecured advances:

- bearing interest at 4.15% to 4.49% (2013 : 4.15% to 4.53%) per annum

99,261

432,906

- interest free

628,502

463,549

- unquoted redeemable cumulative preference shares

22,605

27,658

750,368

924,113

Allowance for doubtful debts

(8,887)

(8,859)

741,481

915,254

741,493

916,646

The trade accounts are expected to be settled within the normal credit periods. Unsecured advances are repayable on demand.