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annual repor t 2010
KONSORTIUM LOGISTIK LOGISTIK BERHAD (89243-A)
110
Notes To The Financial Statements
31 December 2010 (continued)
13. OTHER INVESTMENTS (continued)
(b) The comparative figures have not been presented based on the new categorisation of financial assets resulting from the adoption of FRS 139 by virtue of the
exemption given in FRS 7.44AA.
(c) Information on the fair value hierarchy is disclosed in Note 35(e) to the financial statements.
14. AMOUNTS OWING BY/(TO) ASSOCIATES
Group Company
2010 2009 2010 2009
RM’000 RM’000 RM’000 RM’000
Current
Amounts owing to associates (56) - (56) -
Non-current
Amounts owing by an associates 46,365 46,158 46,365 46,158
Less: Impairment loss on amount owing by an associate (46,365) (28,578) (46,365) (28,578)
- 17,580 - 17,580
(a) The amounts owing by associates are denominated in Ringgit Malaysia and are unsecured, interest-free and are repayable in cash and cash equivalents. The
amounts owing by associates are not repayable within the next twelve (12) months.
(b) Bad debts written off against impairment loss during the financial year amounted to RM Nil (2009: RM467,000) for the Group.
15. DEFERRED TAX
Recognised deferred tax assets and liabilities
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred
taxes relate to the same taxation authority.