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Notes to the Financial Statements
31 December 2015
25 FELLOW SUBSIDIARIES AND PENULTIMATE HOLDING COMPANY BALANCES
Group
2015
RM’000
2014
RM’000
Current asset:
- amount due from penultimate holding company
207
259
Current liability:
- amounts due to fellow subsidiaries
(2,212)
(487)
(2,005)
(228)
The amounts due from/(to) penultimate holding company and fellow subsidiaries are unsecured, non-interest bearing and with 30 days credit
period (2014: 30 days).
26 RELATED PARTIES BALANCES
Group
Note
2015
RM’000
2014
RM’000
Current asset:
- amounts due from related parties
(a)
24,401
26,584
Current liabilities:
- amounts due to related parties
(a)
(9,283)
(24,429)
- loan from a related party
(b)
(29,012)
(28,875)
(a) The amounts due from/(to) related parties are trade in nature, unsecured, interest free and with credit periods of up to 60 days (2014: up
to 60 days).
(b) Loan from a related party, who is a shareholder of Advanced Wireless Technologies Sdn. Bhd., is unsecured and is denominated in RM.
The principal and interest of the loan were repayable on 9 December 2015, being the end of the second five years from the drawdown date
of 9 December 2005. The Group had repaid the interest of RM2,130,000 (2014: RM2,228,000). Subject to full settlement of the principal
outstanding, the interest rate as at the reporting date is 7.85% (2014: 7.85%) per annum.
