19. TRADE AND OTHER RECEIVABLES Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Trade receivables – third parties 18,334 16,111 19,673 – – – associates 4,025 4,290 4,507 – – – joint ventures 43 43 1,494 – – Loss allowance on trade receivables from third parties (302) (322) (440) – – 22,100 20,122 25,234 – – Retention sum – third parties 1,698 1,698 2,750 – – – associates 2,900 3,091 3,247 – – – joint ventures – – 5,376 – – Loss allowance on retention sum: – third parties (769) (769) (862) – – – associates (2,900) (3,091) (3,247) – – – joint ventures – – (403) Security deposits 939 1,225 1,125 – – Non-trade receivables – third parties 2,266 1,508 1,582 – – – subsidiaries – – – 29,998 12,414 – associates 33,086 28,745 24,498 – 722 – joint ventures 1,304 16,752 37,207 – – – joint operations 1,869 1,324 868 – – Loss allowance on non-trade receivables: – third parties (1,720) (1,447) (1,447) – – – associates (815) (1,564) (1,821) – (722) – joint ventures (1,254) (1,254) (1,254) – – – joint operations (1,324) (1,324) – – – Goods and Services Tax receivable 334 409 525 – – Advance payments 2,720 2,289 2,180 – – Total 60,434 67,714 95,558 29,998 12,414 Trade receivables from third parties, associates and joint ventures are unsecured, non-interest bearing and generally on 30 to 60 days (2023: 30 to 60 days) credit terms. Non-trade receivables from third parties are unsecured, non-interest bearing and generally on 30 to 60 days (2023: 30 to 60 days) credit terms. Non-trade amounts due from subsidiaries are unsecured and bear an effective interest rate of 3.5% (2023: 3.5%) per annum. Non-trade amounts due from joint ventures and joint operations are unsecured, repayable on demand and non-interest bearing except for an amount of $Nil (2023: $14,928,000) which bears interest rate of Nil (2023: 2%) per annum as it has been fully repaid during the financial year. Non-trade amounts due from associates are unsecured, non-interest bearing and repayable on demand except for amounts of $14,463,000 (2023: $9,061,000) which bears interest rate of 9% (2023: 6% to 9%) per annum. Advance payments are related to advance payment to subcontractors for the purchase of materials. 107 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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