Page 73 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)

3. CASH AND CASH EQUIVALENTS

2025 2024
Cash on hand and at banks 1,123,010 1,780,374

Fixed deposits 4,250,000 4,500,000

Cash and cash equivalents as presented in the consolidated
statement of financial position 5,373,010 6,280,374

Fixed deposits with original maturities more than three
months (4,250,000) (2,750,000)

Cash and cash equivalents as presented in the consolidated
statement of cash flow 1,123,010 3,530,374

Fixed deposits carry an effective interest rate ranging between 3.85% to 4.35% (2024: 2.87% to
5.20%) per annum.

4. ACCOUNTS RECEIVABLE AND OTHER DEBIT BALANCES

2025 2024

Trade receivables (a) 9,618,463 7,581,731

Allowance for expected credit losses (“ECL”) (b) (1,874,209) (1,777,046)
7,744,254 5,804,685

Accrued income (a) 1,690,951 1,702,926

Allowance for expected credit losses (“ECL”) (b) (30,349) (37,568)
1,660,602 1,665,358

Prepayments and deposits 706,123 1,082,863

Advance to suppliers 1,581,296 745,938

Amounts due from related parties (Note 22) 13,567 8,930
Other receivables (c) - 667,380

11,705,842 9,975,154

71 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.