Written off 32508 32508 Disposal 554048 554048 At 30 September 2017 9796345

Written off 32508 32508 disposal 554048 554048 at 30

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Written off - - - (32,508) (32,508) Disposal - - - (554,048) (554,048) At 30 September 2017 9,796,345 37,160,012 4,063,284 168,336 51,187,977 Additions - 44,454 67,831 - 112,285 Written off - - (11,050) - (11,050) At 30 September 2018 9,796,345 37,204,466 4,120,065 168,336 51,289,212 Accumulated depreciation and Impairment losses At September 2016 8,116,734 32,498,859 3,764,717 594,027 44,974,337 Charge for the year 199,863 823,187 94,746 5,202 1,122,998 Written off - - - (30,963) (30,963) Disposal - - - (423,894) (423,894) At 30 September 2017 8,316,597 33,322,046 3,859,463 144,372 45,642,478 Charge for the year 224,314 510,959 77,890 6,193 819,356 Written off - - (10,796) - (10,796) Impairment losses recognised - 228,129 - - 228,129 At 30 September 2018 8,540,911 34,061,134 3,926,557 150,565 46,679,167 Net carrying amount At 30 September 2017 1,479,748 3,837,966 203,821 23,964 5,545,499 At 30 September 2018 1,255,434 3,143,332 193,508 17,771 4,610,045 The factory is a flour mill constructed on a land leased by Novation Agreement between Kuantan Port Authority, Kuantan Port Consortium Sdn Bhd and the Company. The total rental commitment payable under the lease as at the year-end is as follows: Group and Company 2018 2017 RM RM Not later than 1 year 381,462 354,866 Later than 1 year and not later than 5 years 1,629,913 1,581,847 Later than 5 years 1,954,608 2,384,136 3,965,983 4,320,849
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48 NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 September 2018 13 Investments in subsidiaries Company 2018 2017 RM RM Unquoted shares, at cost 1,346,108 1,346,108 Less: Accumulated impairment losses (1,340,999) (1,340,999) 5,109 5,109 Details of the subsidiaries are as follows: Proportion (%) of ownership interest Country of 2018 2017 Name of Company incorporation % % Principal activities KFM Transport Sdn Bhd Malaysia 100 100 Dormant KFM Marketing Sdn Bhd Malaysia 100 100 Dormant KFM Ventures Sdn Bhd Malaysia 100 100 Dormant KFM Biotechnology Sdn Bhd Malaysia 100 100 Dormant KFM Industries Sdn Bhd Malaysia 100 100 Dormant KFM Trading Sdn Bhd Malaysia 51 51 Dormant All subsidiaries are audited by McMillan Woods Thomas. 14 Other investment Group and Company 2018 2017 RM RM Available-for-sale financial asset Unquoted shares, at cost 1,735,501 1,735,501 Impairment loss (1,486,362) (1,370,815) 249,139 364,686 15 Inventories Group and Company 2018 2017 RM RM Cost Raw material 3,444,800 4,370,442 Finished goods 50,581 47,695 Consumables 412,457 349,390 3,907,838 4,767,527 Net realisable value Finished goods 167,766 126,992 4,075,604 4,894,519
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49 NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 September 2018 16 Receivables, deposits and prepayments Group Company 2018 2017 2018 2017 RM RM RM RM Trade receivables - third parties 5,237,595 1,042,035 5,094,397 898,837 Less: Impairment loss (335,971) (335,971) (192,775) (192,775) 4,901,624 706,064 4,901,622 706,062 Other receivables 555,293 909,970 556,381 909,970 Less: Impairment loss (500,000) (500,000) ( 500,000) (500,000) 55,293 409,970 56,381 409,970 Amounts due from subsidiaries - - 37,685 30,243 Advance for purchase 68,232 2,860,292 68,232 2,860,292 Deposits 58,281 40,876 58,281 40,876 Prepayments 214,608 87,933 214,608 87,933 5,298,038 4,105,135 5,336,809 4,135,376 Trade receivables are non-interest bearing and are generally on 7 to 90 days (2017: 7 to 90 days) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. Ageing analysis of trade receivables The ageing analysis of the Group’s and the Company’s trade receivables are as follows: Group Company 2018 2017 2018 2017 RM RM RM RM Neither past due nor impaired 4,563,677 707,318 4,563,677 707,318 1 to 30 days past due not impaired 299,614 (14,685) 299,614 (14,685) 31 to 60 days past due not impaired 1,399 13,001 1,399 13,001 61 to 90 days past due not impaired (3,222) (3,130) (3,222) (3,130) More than 90 days past due not impaired 40,156 3,560 40,154 3,558 337,947 (1,254) 337,945 (1,256) Impaired 335,971 335,971 192,775 192,775 5,237,595 1,042,035 5,094,397 898,837 Receivables that are neither past due nor impaired Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good payment records with the Group.
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