16. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (“FVTOCI”) (CONTINUED) Movements in financial assets at FVTOCI were as follows: Group and Company 2025 2024 $’000 $’000 Balance at beginning of financial year 2,385 2,475 Fair value changes recognised in other comprehensive income (Note 24) (120) (90) Balance at end of financial year 2,265 2,385 The Group intends to hold these investments for long-term for appreciation in value as well as strategic investments purposes. The financial assets at FVTOCI are denominated in Singapore dollar. 17. TRADE AND OTHER RECEIVABLES Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Non-current Non-trade receivables – third parties 6,500 – – – Current Trade receivables – third parties 5,440 18,334 – – – associates 4,059 4,025 – – – joint ventures 43 43 – – Loss allowance on trade receivables from third parties (305) (302) – – 9,237 22,100 – – Retention sum – third parties 1,698 1,698 – – – associates 2,924 2,900 – – Loss allowance on retention sum: – third parties (769) (769) – – – associates (2,924) (2,900) – – Security deposits 1,045 939 – – Non-trade receivables – third parties 15,249 2,266 – – – subsidiaries – – 30,916 29,998 – associates 37,890 33,086 – – – joint ventures 1,719 1,304 – – – joint operations 1,538 1,869 – – Loss allowance on non-trade receivables: – third parties (1,722) (1,720) – – – associates (819) (815) – – – joint ventures (1,254) (1,254) – – – joint operations (1,324) (1,324) – – Goods and Services Tax receivable 337 334 – – Advance payments 1,333 2,720 – – Sub total 64,158 60,434 30,916 29,998 Total 70,658 60,434 30,916 29,998 Trade receivables from third parties, associates and joint ventures are unsecured, non-interest bearing and generally on 30 to 60 days (2024: 30 to 60 days) credit terms. Non-trade receivables from third parties are unsecured, non-interest bearing and generally on 30 to 60 days (2024: 30 to 60 days) credit terms. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 102 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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