FGV Audited Financial Statements 2020

27 RECEIVABLES Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Non-current assets Deposits 6,406 6,406 - - Prepayment (Note i) 136,078 86,736 - - 142,484 93,142 - - Loss allowance: Deposits (6,406) (6,406) - - 136,078 86,736 - - Current assets Trade receivables (Note ii) 1,300,490 1,152,909 - - Other receivables (Note iii) 240,288 138,725 2,564 5,502 Prepayments 44,108 55,243 295 279 Deposits (Note iv) 34,207 66,742 7,673 10,972 Goods and services tax (“GST”) receivable 8 6,382 - - 1,619,101 1,420,001 10,532 16,753 Loss allowance: Trade receivables (191,903) (190,973) - - Other receivables (13,564) (13,140) (195) - Deposits (2,679) (2,671) - - 1,410,955 1,213,217 10,337 16,753 Total 1,547,033 1,299,953 10,337 16,753 (Note i) Included in non-current prepayments is a security deposit amounting to RM62,120,000 (2019: RM62,120,000) paid to ultimate holding company under the LLA dated 1 November 2011, which shall be set off towards any payment of the lease amount prior to expiry or sooner upon reclamation of land under the LLA, lease receivables which represent outstanding net present value of receipts under leasing arrangements amounting to RM17,675,000 (2019: RM14,484,000) and prepayment for purchase a precious metal to catalyze certain reactions in its production process at cost amounting to RM51,899,000 (2019: RM Nil). (Note ii) Included in trade receivables are cooking oil subsidy receivable from Kementerian Perdagangan Dalam Negeri, Koperasi Dan Kepenggunaan of RM33,333,000 (2019: RM6,786,000). (Note iii) Included in other receivables of the Group are amounts placed with brokers for CPO and sugar futures trading facilities totalling RM54,031,000 (2019: RM58,363,000). (Note iv) Included in current deposits of the Group are deposit for Provisional Pricing Agreement (“PPA”) entered into with a supplier for precious metals for use in production amounting to RM Nil (2019: RM46,246,000) and deposits in relation to medical insurance facilities of the Group and of the Company amounting to RM8,000,000 (2019: RM8,000,000). 140 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020