notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
19 TRADE AND OTHER RECEIVABLES (CONTINUED)
The Group’s other receivables, deposits and prepayments exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk,
based on carrying amounts as at the end of the financial year, were:
Group
2014
2013
RM'000
RM'000
Other receivables, deposits and prepayments
- Norwegian Kroner
68,335
29,810
- United States Dollar
13,070
9,647
- Singapore Dollar
2,618
3,780
- Indonesian Rupiah
1,752
1,699
- Euro Dollar
905
7,793
- British Pound
-
6,130
- United Arab Emirates Dirham
235
142
- Central African CFA Franc
-
1,351
- Others
45
24
86,960
60,376
Other receivables, deposits and prepayments of the Company are denominated in Ringgit Malaysia.
20 AMOUNTS OWING BY/(TO) SUBSIDIARIES
(a)
Amounts owing by subsidiaries
Company
2014
2013
RM'000
RM'000
Interest bearing loans (unsecured)
272,507
116,120
Interest free advances (unsecured)
5,689
102,464
Dividends receivable
29,274
27,826
307,470
246,410
The effective interest rate of interest bearing loans as at 31 December 2014 ranges between 1.50% to 4.25% (2013: 1.50% and 4.00%) per annum. The loans
and advances are recoverable on demand.
127
Wah Seong Corporation Berhad • Annual Report 2014
