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2009

2008

2009

2008

RM

RM

RM

RM

Deposits

2,540,197

7,661,744

1,000

-

Less: Allowance for doubtful debts

(300,000)

(300,000)

-

-

2,240,197

7,361,744

1,000

-

124,680

601,170

10,933

25,035

656,415

1,044,944

16,594

-

Company

YIKON

CORPORATION BHD

(527272-V)

Notes to the Financial Statements (cont’d)

Other receivables Prepayments

3,021,292

9,007,858

28,527

25,035

Group

12.

OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS

2009

2008

2009

2008

RM

RM

RM

RM

Included in deposits of the Group is an amount of RM946,118/- (2008: RM1,494,943/-) representing advance payment made for the gold loan facilities granted by gold bullion traders as disclosed in Note 21. This amount bears interest ranging from 1.1% to 2.35% (2008: 0.5% to 4.3%) per annum.

1,119,863 922,918 978,511

2,235,740 1,285,342 5,486,776

28,527 - -

25,035 - -

3,021,292

9,007,858

28,527

25,035

Also included in the deposits is an amount of RM977,875/- (2008: RM5,478,137/-) paid in respect of gold margin trading account as disclosed in Note 22.

The foreign currency profile of other receivables is as follows:-

Company

Ringgit Malaysia Renminbi Hong Kong Dollar

Group

13.

AMOUNT DUE FROM AN ASSOCIATE

The amount due from an associate is in respect of shareholders’ advance from the Group, which had been settled through the disposal of associate during the financial year.

Short term investment in cash fund with financial institutions Cash and bank balances

16,171 3,346,760

24,711 2,083,452

16,171 107,588

24,711 2,411

3,362,931

2,108,163

123,759

27,122

2009

2008

2009

2008

RM

RM

RM

RM

Short term investments in cash fund with financial institutions carried interest ranging from 1.00% to 2.50% (2008: 2.16% to 3.23%) per annum.

Company

Group

14.

CASH AND CASH EQUIVALENTS

Annual Report 2009

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