Directors - Boustead Holdings Berhad

Notes to the Financial Statements
23. RECEIVABLES
118
Group Company
2006 2005 2006 2005
RM’000 RM’000 RM’000 RM’000
Trade receivables 455,826 370,410 3,878 1,164
Less: provision for doubtful debts (55,913) (60,735) –– ––
399,913 309,675 3,878 1,164
Dividends receivable 1,500 –– 14,942 7,722
Deposits 49,815 41,886 9,124 3,724
Prepayments 4,507 16,329 309 236
Income tax receivable 82,759 80,006 72,834 76,115
Proceeds receivable from disposal of plantation
assets to Al-Hadharah Boustead REIT 400,150 –– –– ––
Proceeds receivable from disposal of
property, plant and equipment 24,005 26,088 –– ––
Advances to smallholders scheme 14,472 13,464 –– ––
Other receivables 49,472 49,653 5,240 9,620
Amounts due from Subsidiaries –– –– 560,546 457,914
Amounts due from Associates 65,568 19,133 37,021 3,949
Amounts due from related companies 22,446 1,075 7 15
Amount due from holding corporation –– 3 –– ––
1,114,607 557,312 703,901 560,459
The Group’s normal trade credit terms range from payment in advance to 90 days. Other credit terms are
assessed and approved on a case by case basis. Amounts due from Subsidiaries are stated after
provision for doubtful debts of RM10.23 million (2005: RM7.18 million). Amounts due from Subsidiaries
and Associates are unsecured, bear interest at a weighted average rate of 6.6% (2005: 6.3%) per annum
and have no fixed terms of repayment. Amounts due from related companies are trade balances which
are unsecured and interest free, with repayment in accordance with normal trading terms.