Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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109<br />
S P <strong>Setia</strong> <strong>Berhad</strong> Group<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
11. AMOUNTS OWING BY/TO SUBSIDIARY COMPANIES<br />
Amounts owing by subsidiary companies included under current assets<br />
Company<br />
2008 2007<br />
RM’000<br />
RM’000<br />
Trade accounts<br />
Progress billings receivable – 2,526<br />
Retention sums receivable 7,108 10,418<br />
Total trade receivables 7,108 12,944<br />
Allowance for doubtful debts (795) (795)<br />
6,313 12,149<br />
Unsecured advances<br />
– bearing interest at 2.0% (2007 : 2.0%) per annum 51,631 84,636<br />
– interest free 101,708 55,201<br />
159,652 151,986<br />
The trade accounts are expected to be settled within the normal credit periods.<br />
The interest bearing advances are repayable within the next 12 months.<br />
Amounts owing to subsidiary companies included under non-current liabilities<br />
The amounts owing to subsidiary companies included under non-current liabilities represent unsecured interest free advances<br />
which are not expected to be recalled within the next 12 months.<br />
Amounts owing to subsidiary companies included under current liabilities<br />
Company<br />
2008 2007<br />
RM’000<br />
RM’000<br />
Trade accounts<br />
Sub-contract claims 344 1,790<br />
Retention sums 1,985 1,985<br />
2,329 3,775<br />
Unsecured interest free advances 2,331 17,620<br />
4,660 21,395<br />
The trade accounts are expected to be settled within the normal credit periods.<br />
The unsecured interest free advances are payable on demand.
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