Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 138 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 24. LEASE LIABILITIES The Group 2022 2021 RM RM At 1 January 21,308,831 12,328,228 Interest expense recognised in profit and loss 804,827 614,836 Changes due to reassessment of lease term 9,858,908 - Repayment of principal (3,023,873) (3,191,224) Repayment of interest expense (804,827) (614,836) Addition 5,176,431 11,839,512 Exchange difference (403,728) 332,315 At 31 December 32,916,569 21,308,831 Analysed by: Current liabilities 2,886,103 2,559,942 Non-current liabilities 30,030,466 18,748,889 At 31 December 32,916,569 21,308,831 25. 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 (2021: 30 to 90 days). Included in trade payables was nil (2021: RM32,009) owing to a related party. Other payables and accrued expenses consist of: The Group The Company 2022 2021 2022 2021 RM RM RM RM Other payables 55,801,650 58,091,359 2,400 5,800 Accrued expenses 56,693,044 60,112,438 4,346,967 5,439,324 112,494,694 118,203,797 4,349,367 5,445,124 Less: Other payables (included under non-current liabilities) (826,453) (2,930,914) - - Current liabilities 111,668,241 115,272,883 4,349,367 5,445,124
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