132 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 26 RECEIVABLES Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Non-current assets Deposits 6,406 6,406 - - Prepayment (Note i) 123,557 137,066 - - 129,963 143,472 - - Loss allowance: Deposits (6,406) (6,406) - - 123,557 137,066 - - Current assets Trade receivables 1,581,295 1,239,749 - - Other receivables (Note ii) 120,961 216,254 2,133 6,263 Prepayments (Note i) 54,255 31,294 275 295 Deposits (Note iii) 46,288 48,234 5,195 7,687 Sales and services tax (“SST”) receivable 6,886 11,598 - - 1,809,685 1,547,129 7,603 14,245 Loss allowance: Trade receivables (168,365) (177,747) - - Other receivables (23,329) (20,456) - - Deposits (2,922) (2,776) - - 1,615,069 1,346,150 7,603 14,245 Total 1,738,626 1,483,216 7,603 14,245 (Note i) Included in non-current and current prepayments is a security deposit amounting to RM62,120,000 (2021: 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 RM15,990,000 (2021: RM17,872,000) and prepayment for purchase of precious metal to catalyze certain reactions in its production process at cost amounting to RM55,295,000 (2021: RM57,531,000). The impact of this value of money adjustment on the LLA security deposit of RM62,120,000 is not material to the current year and previous financial year results. (Note ii) Included in other receivables of the Group are cooking oil subsidy receivable from Kementerian Perdagangan Dalam Negeri Dan Kos Sara Hidup of RM30,204,000 (2021: RM61,677,000) and amounts placed with brokers for CPO and sugar futures trading facilities totalling RM36,413,000 (2021: RM92,681,000). (Note iii) Included in current deposits of the Group are deposit in relation to medical insurance facilities amounting to RM7,991,000 (2021: RM7,991,000).
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