Annual report 2014
125
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
24. TRADE AND OTHER PAYABLES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Trade payables
Third parties
16,176,127 1,489,380
111,706
403,076
Other payables
Other payables
28,363,148 3,882,151
264,256
111,683
Amounts owing to subsidiaries
-
-
3,916,614
-
Deposits
4,728,401 4,504,677
1,879
1,879
Accruals
4,337,200 2,253,676
298,926
457,209
37,428,749 10,640,504 4,481,675
570,771
53,604,876 12,129,884 4,593,381
973,847
(a) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group
and the Company range from 1 to 90 days and 30 to 60 days (2013: 30 to 90 days and 30 to 60 days)
respectively.
(b) Amounts owing to subsidiaries represent payments on behalf are unsecured, interest free and payable
upon demand in cash and cash equivalents.
(c) The currency exposure profile of payables are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Australian Dollar
1,153,945
47,607
-
-
Great Britain Pound
2,600
4,000
-
-
Ringgit Malaysia
41,602,391 8,559,341 4,333,109
723,612
Philippines Peso
5,220,661 1,590,857
-
-
Thai Baht
1,146,561 1,332,637
-
-
US Dollar
4,477,392
595,442
260,272
250,235
Indonesia Rupiah
1,326
-
-
-
53,604,876 12,129,884 4,593,381
973,847
(d) Information on financial risk of trade and other payables are disclosed in Note 36 to the financial
statements.
