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158 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

9. AMOUNTS OWING BY/TO SUBSIDIARY COMPANIES (CONT’D)

Amounts owing to subsidiary companies included under current liabilities

Company

2014

2013

RM’000

RM’000

Trade accounts - retention sums payable

1,310

1,310

Unsecured interest free advances

128,407

162,101

129,717

163,411

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

demand.

10. AMOUNTS OWING BY ASSOCIATED COMPANIES

Amounts owing by associated companies included under current assets

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Unsecured advances:

- bearing interest at 7.60% per annum

-

9,280

-

9,280

- interest free

-

3

-

-

-

9,283

-

9,280

11. AMOUNT OWING BY A FORMER JOINTVENTURE PARTNER

The amount owing by a former joint venture partner represents unsecured advances which are not expected to be recalled within the

next 12 months:

Group

2014

2013

RM’000

RM’000

Principal sum

13,006

12,988

Interest receivable

1,392

1,392

14,398

14,380