Frontken Berhad Annual Report 2019

109 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 27. LEASE LIABILITIES The Group The Company 2019 2019 RM RM At 1 January - Initial application of MFRS 16 14,141,859 189,912 Interest expense recognised in profit and loss 665,726 9,480 Repayment of principal (2,366,158) (92,640) Repayment of interest expense (665,726) (9,480) Addition 3,146,663 - Exchange difference 41,590 - At 31 December 14,963,954 97,272 Analysed by:- Current liabilities 3,033,211 97,272 Non-current liabilities 11,930,743 - At 31 December 14,963,954 97,272 The comparative information is not presented as the Group and the Company have applied MFRS 16 using the modified retrospective approach. 28. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES Trade payables of the Group comprise amounts outstanding for trade purchases. The credit periods granted to the Group for trade purchases range from 30 to 90 days (2018: 30 to 90 days). Included in trade payables is Nil (2018: RM6,365) owing to a related party. Included in other payables is RM3,100 (2018: Nil) owing to a related party. Other payables and accrued expenses consist of:- The Group The Company 2019 2018 2019 2018 RM RM RM RM Other payables 30,531,243 29,894,936 5,750 28,481 Accrued expenses 39,306,752 36,364,703 3,882,773 3,356,896 69,837,995 66,259,639 3,888,523 3,385,377 Less: Other payables (included under non-current liabilities) (2,714,783) (2,792,672) - - Current liabilities 67,123,212 63,466,967 3,888,523 3,385,377 Notes To The Financial Statements (cont’d)