NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 22. Other non-current assets (cont’d) Group Company Note 2024 2023 2024 2023 Rp million Rp million Rp million Rp million Financial assets Amount due from a subsidiary – – 195,000 316,000 Loans to employees 3,375 3,476 – – Plasma receivables 32(a) 660,908 911,270 – – Deposits 27,997 26,715 16 15 Total other non-current receivables 692,280 941,461 195,016 316,015 Total other non-current assets 1,287,052 1,308,421 195,016 316,015 Amount due from a subsidiary The Company has extended a credit facility of Rp195 billion to a subsidiary. The amount of Rp134 billion is repayable in November 2026, while the remaining balance of Rp61 billion is repayable in July 2028. These facilities are non-trade related, unsecured and bears interest at long-term commercial lending rates. The amounts due from this subsidiary is to be settled in cash on the respective due dates. Loans to employees The Group provides non-interest bearing loans to officers and employees subject to certain terms and criteria. Such loans, which are being collected through monthly salary deductions over five years from the date of the loan, are carried at amortised cost using effective interest method, with discount rate of 7.00% to 8.24% (2023: 6.40% to 8.34%) per annum. Advances and deposits Advances and deposits mainly relate to utility and rental deposits, advance payments for land and payments made to suppliers and contractors in relation to the purchases of capital equipment and services. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 134
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