Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 132 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 26. 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 (2022: 30 to 90 days). Other payables and accrued expenses consist of: The Group The Company 2023 2022 2023 2022 RM RM RM RM Other payables 86,232,682 55,801,650 13,120 2,400 Accrued expenses 33,450,828 56,693,044 7,265,354 4,346,967 119,683,510 112,494,694 7,278,474 4,349,367 Less: Other payables (included under non-current liabilities) (350,732) (826,453) - - Current liabilities 119,332,778 111,668,241 7,278,474 4,349,367 Included in (other receivables)/other payables are defined benefit plan as detailed below: The Group 2023 2022 RM RM Defined benefit plan (Overseas subsidiaries) - Taiwan (869,194) 47,308 - Philippines 350,732 287,626 - Indonesia - 491,519 (518,462) 826,453 (a) Defined benefit plan – Taiwan The Group 2023 2022 RM RM Fair value of plan assets (883,759) (7,899,654) Present value of plan obligations 14,565 7,946,962 (869,194) 47,308
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