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166 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

19. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT’D)

The refundable deposits and part purchase considerations were paid for the acquisition of development lands that have not been

completed as at 31 October 2014. The balance of these purchase considerations is disclosed as other commitments in note 42(b) below.

The Group has charged other receivables, deposits and prepayments amounting to approximately RM4,637,000 (2013 (restated):

RM791,000) as security for bank borrowings.

The movements in the allowance for impairment losses of other receivables during the financial year are as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

At beginning of the year

4,012

2,021

-

-

(Reversal of)/Allowance for impairment loss during the year

(1,215)

1,991

-

-

At 31 October

2,797

4,012

-

-

The currency exposure profile of other receivables, deposits and prepayments after allowance for impairment losses is as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Ringgit Malaysia

102,436

101,040

3,824

2,470

United States Dollar

14

136

-

-

Sterling Pound

4

2

-

-

Vietnamese Dong

1,788

1,882

-

-

Australian Dollar

4,637

791

-

-

Other currencies

671

545

-

-

109,550

104,396

3,824

2,470