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Kumpulan Fima Berhad
(11817-V)
180
Notes to the
financial statements
31 march 2017
22. Due from/(to) subsidiaries
Company
2017
2016
RM’000
RM’000
Due from subsidiaries
226,011
195,975
Less: Allowance for impairment
(9,696)
(9,846)
216,315
186,129
Due to subsidiaries
(17,573)
(25,344)
All the amounts due from/(to) subsidiaries are unsecured, interest free and repayable on demand except for the amount due
from Victoria Square Plantation Sdn. Bhd.. The outstanding amount from Victoria Square Plantation Sdn. Bhd. as at 31 March
2017 is RM140,300,000 (2016: RM116,800,000) and bear interest of 5.5% (2016: 5.5%) per annum.
Movement in allowance accounts:
Company
2017
2016
RM’000
RM’000
At 1 April 2016/2015
9,846
9,896
Write back for the year (Note 5)
(150)
(50)
At 31 March
9,696
9,846