17. TRADE AND OTHER RECEIVABLES (CONTINUED) Non-trade amounts due from subsidiaries are unsecured and bear an effective interest rate of 3.5% (2024: 3.5%) per annum. Non-trade amounts due from joint ventures and joint operations are unsecured, repayable on demand and non-interest bearing. Non-trade amounts due from associates include amounts due from PIIPL Group of $20,493,000 (2024: $14,463,000) which bears interest rate of 8% (2024: 9%) per annum. The non-trade amount due from a third party of S$6,500,000 relates to disposal proceeds from KHPL, which are to be received by instalment in December 2026. Advance payments are related to advance payment to subcontractors for the purchase of materials. Movements in the loss allowance for trade receivables are as follows: Group 2025 2024 $’000 $’000 Balance at beginning of financial year 302 322 Currency realignment 3 (20) Balance at end of financial year 305 302 As at 30 September 2025, retention sum held by customers for contract work amounted to $4,622,000 (2024: $4,598,000). Retention sum is due for settlement after more than 12 months. They have been classified as current asset because they are expected to be realised in the normal operating cycle of the Group. Movements in the loss allowance for retention sum are as follows: Group 2025 2024 $’000 $’000 Balance at beginning of financial year 3,669 3,860 Currency realignment 24 (191) Balance at end of financial year 3,693 3,669 Movements in the loss allowance for non-trade receivables due from a third party is as follows: Group 2025 2024 $’000 $’000 Balance at beginning of financial year 1,720 1,447 Loss allowance recognised in the financial year – non-credit impaired – 284 Currency realignment 2 (11) Balance at end of financial year 1,722 1,720 Individual analysis of impaired non-trade receivables: Group 2025 2024 $’000 $’000 Amount past due of more than 6 months and no response to repayment demands 1,722 1,720 ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 103 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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