Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

50
NOTES TO THE FINANCIAL STATEMENTS (Cont’d)
15. AMOUNT OWING BY/(TO) ASSOCIATED COMPANY
Permata Makmur Sdn. Bhd.
Amtel Holdings Berhad 2003 annual report
GROUP COMPANY
2003 2002 2003 2002
RM RM RM RM
Trade - 1,250,910 - -
Non-trade (604) 4,174 (604) 4,174
(604) 1,255,084 (604) 4,174
The non-trade amount relates to expenses paid on behalf and is unsecured, interest free and has no fixed term
of repayment.
16. CASH ON DEPOSITS WITH LICENSED FINANCIAL INSTITUTIONS
These comprise the following:-
GROUP
2003 2002
RM RM
Cash deposits with:-
- licensed banks 6,122,262 4,858,619
- licensed finance company 200,000 -
6,322,262 4,858,619
The cash deposits with licensed banks and finance company of the Group amounting to RM3,971,042/- (2002 :
RM2,693,453/-) have been pledged as securities for bank guarantee facilities and banking facilities of the Group
as disclosed in note 18 to the financial statements.
The maturity profile and effective interest rates are disclosed in note 40(a)(ii) to the financial statements.
17. PROVISION
This is in respect of provision for liability arising from warranty cost agreed between a subsidiary company,
Amtel Industries Sdn. Bhd. and its trade debtor.
The provision for warranty cost is based on 3% of the cost of warranty goods sold. The warranty is for a period
of eighteen months from the date of sales.
18. BANK BORROWINGS
GROUP
2003 2002
RM RM
Secured
Bank overdrafts 873,599 687,967
Bills payable 2,760,000 4,590,379
Revolving credit 5,610,000 6,600,000
9,243,599 11,878,346
Term loans repayable within twelve months (note 22)
- secured 612,199 -
- unsecured 158,430 -
770,629 -
10,014,228 11,878,346