Page 96 - Annual Report 2021

Overview Leadership Message Business Segment Moving Forward Our Resources Working for a Corporate Financial
Review Plan Better Tomorrow Governance statements

nOTES TO THE FInanCIaL STaTEmEnTS

13. aMOunts OWing BY/(tO) HOlDing EntitY

the group the company
2021 2020 2021 2020
rM rM rM rM
amount Owing by Holding Entity
Current
Non-trade balance - 80,000 - -

amount Owing to Holding Entity

Non-current
Non-trade balance (25,870,560) (12,825,549) (12,014,697) (12,825,549)

Current
Non-trade balance (6,424,707) (19,844,033) (2,983,474) (3,865,580)
(32,295,267) (32,669,582) (14,998,171) (16,691,129)

(a) The amount owing by holding entity represents unsecured, interest free advances and payments made on behalf.
The amount owing is repayable on demand and is to be settled in cash.

(b) The amount owing to holding entity represents unsecured, interest free advances and payments made on behalf.
The amount owing is repayable on demand except for RM25,870,560 (2020 - RM12,825,549).

14. aMOunt OWing BY suBsiDiariEs
the company
2021 2020
rM rM

Non-current
Non-trade balance - 11,789,697

Current
Non-trade balance 4,925,192 6,182,662
4,925,192 17,972,359

The amount owing by subsidiaries represents unsecured, interest free advances and payments made on behalf except
for an amount of RM11,789,697 in the previous financial year which bears interest of 7% per annum.

96 UM Holdings Group