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YIKON

Notes to the Financial Statements (cont’d)

CORPORATION BHD

(527272-V)

8.

Loss for the

Total

Total

Revenue

period

assets

liabilities

RM

RM

RM

RM

INVESTMENT IN AN ASSOCIATE (cont’d)

On 8th June 2009, the Company disposed its entire interest held in associate.

Summary financial information of the associate is as follows:-

31st December 2008

2,368,185

(655,143)

4,708,705

2,863,848

9.

AMOUNT DUE FROM SUBSIDIARIES

The amount due from subsidiaries, are unsecured, interest-free and is not repayable within the next twelve months except to the extent that repayment by the subsidiaries will not adversely affect the ability of the respective subsidiaries to meet their liabilities when due.

Raw materials

5,631,223

5,283,187

Trading inventories

16,508,157

17,257,517

2009

2008

RM

RM

11.

Group

19,047,907

22,400,977

(12,440,000)

(13,340,000)

10.

INVENTORIES

22,139,380

22,540,704

Included in the raw materials is an amount of RM3,953,453/- (2008: 4,199,000/-) deposits in the gold margin trading account as disclosed in Note 22.

TRADE RECEIVABLES

Group 2009 RM

2008 RM

Trade receivables Less: Allowance for doubtful debts

6,607,907

9,060,977

The Company’s normal trade credit terms range from 30 to 90 (2008: 30 to 90) days.

The foreign currency profile of trade receivables are as follows:-

Group 2009 RM

2008 RM

6,443,818 - 164,089 -

5,543,884 2,881,606

620,447 15,040

6,607,907

9,060,977

Ringgit Malaysia US Dollar Renminbi Hong Kong Dollar

Annual Report 2009

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