ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

More documents

Recommendations

Info

WAWASAN TKH HOLDINGS BERHAD (540218-A) ANNUAL REPORT 2012 067 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 (cont’d) 10. INVENTORIES At cost Raw materials Finished goods At net realisable value Raw materials Work-in-progress Finished goods 2012 RM’000 1,697 144 1,841 - 4,658 2,540 7,198 9,039 Group 2011 RM’000 1,245 846 2,091 804 3,077 3,591 7,472 9,563 During the current financial year, the Group reversed RM167,000 (2011: RM Nil) in respect of inventories previously written down as the Group was able to sell these inventories above their carrying amounts. The amount is included in the cost of sales. In the previous financial year, the Group wrote down the inventories by RM408,000 to their net realisable values. The Group also wrote off inventories of RM1,400,000, which were mainly due to damages caused by fire. Both amounts written down and written off were included in cost of sales and other operating expenses. 11. TRADE AND OTHER RECEIVABLES Non-current Deposits and prepayments Prepayments Group 2012 RM’000 1,419 2011 RM’000 1,502 2012 RM’000 Company - 2011 RM’000 - Current Trade receivables Third parties Less: Impairment loss 8,084 (1,535) 9,853 (1,595) - - - - 6,549 8,258 - - Other receivables Amounts owing by subsidiaries Other receivables - 1,534 - 4,521 9,650 1,066 5,626 1,066 Less: Impairment loss 1,534 (1,066) 4,521 (1,066) 10,716 (1,066) 6,692 (1,066) 468 3,455 9,650 5,626 Loans and receivables 7,017 11,713 9,650 5,626
068 WAWASAN TKH HOLDINGS BERHAD (540218-A) ANNUAL REPORT 2012 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 (cont’d) 11. TRADE AND OTHER RECEIVABLES (cont’d) 2012 RM’000 Group 2011 RM’000 2012 RM’000 Company 2011 RM’000 Deposits and prepayments Deposits Prepayments Less: Impairment loss 270 429 699 - 448 964 1,412 (184) - - - - - - - - 699 1,228 - - 7,716 12,941 9,650 5,626 9,135 14,443 9,650 5,626 Non-current (a) Prepayments Prepayments represent rentals paid by the Group for a tenancy agreement with a third party. Pursuant to the tenancy agreement, the Group is granted full and exclusive right to mine all kaolin deposits of the land. Current (a) Trade receivables are non-interest bearing and the normal trade credit terms granted by the Group range from one (1) month to three (3) months. They are recognised at their original invoice amounts, which represent their fair values on initial recognition. (b) Amounts owing by subsidiaries represent mainly payments made on behalf, management fees and advances, that are unsecured, interest-free other than an amount of RM4,200,000 (2011: RM650,000), which bears interest at rate of 8.10% (2011: ranging from 7.80% to 8.10%) per annum and payable upon demand in cash and cash equivalents. The interest charged on part of the above advances had been waived by the Company during the current financial year. (c) Information on the financial risk of trade and other receivables is disclosed in Note 27 to the financial statements. (d) The currency exposure profiles of receivables are as follows: 2012 RM’000 Group 2011 RM’000 2012 RM’000 Company 2011 RM’000 Ringgit Malaysia Singapore Dollar US Dollar Euro Australian Dollar 5,858 177 2,959 - 141 10,454 199 2,576 1,074 140 9,650 - - - - 5,626 - - - - 9,135 14,443 9,650 5,626
Page 1 and 2:
WAWASAN TKH HOLDINGS BERHAD (540218
Page 3 and 4:
002 CORPORATE INFORMATION BOARD OF
Page 5 and 6:
004 CHAIRMAN’S STATEMENT (cont’
Page 7 and 8:
006 DIRECTORS' PROFILE ____________
Page 9 and 10:
008 DIRECTORS' PROFILE (cont’d) Y
Page 11 and 12:
010 STATEMENT ON CORPORATE GOVERNAN
Page 13 and 14:
Page 15 and 16:
Page 17 and 18: 016 STATEMENT ON RISK MANAGEMENT &
Page 19 and 20: 018 AUDIT COMMITTEE REPORT (cont’
Page 21 and 22: 020 WAWASAN TKH HOLDINGS BERHAD (54
Page 67: 066 WAWASAN TKH HOLDINGS BERHAD (54
Page 113: FOLD THIS FLAP FOR SEALING FOLD HER
show all

ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?