Malaysia legislation
Section 19
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 19
TRADE AND OTHER RECEIVEBLES
The Group
The Company 2005 2004 2005 2004
Trade receivables 38,378,561 22,422,214 31,645,714 16,911,520
Less: Allowance for doubtful debts
(30,961)
(30,961)
—
—
38,347,600 22,391,253 31,645,714 16,911,520
Accrued billings
—
1,468,221
—
—
Other receivables 35,304 245,328 33,863 201,768
Prepayments 104,753 56,902 93,459 46,976
Deposits 878,635 758,843 661,428 542,435 39,366,292 24,920,547 32,434,464 17,702,699
Amount due from ultimate holding corporation (Note 29)
872,930 1,337,082 872,930 1,337,082
Amount due from subsidiary companies
(Note 29)
—
—
17,081,353 14,340,104
Amount due from other related companies (Note 29)
443,092 1,238,205 443,092 1,238,205 40,682,314 27,495,834 50,831,839 34,618,090
1672
[22hb Jun 2006
Trade receivables comprise amounts receivable from customers for property development projects. Other receivables comprise mainly expenditure incurred which is claimable from third parties.
The credit period granted on property development projects is 180 days
(also 180 days in 2004).
Included in deposits of the Group (all pertaining to a subsidiary company)
is an amount of RM85,608 (also RM85,608 in 2004) paid to a related company to acquire a piece of land held for property development for a total consideration of RM865,079. The balance of the consideration will be payable upon delivery of the land title to the subsidiary company and after obtaining the approval from the relevant authorities.