Kimlun Corporation Berhad Annual Report 2018

23. Trade and other payables Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Trade payables Third parties 242,202,997 244,537,434 217,807,189 Amount due to company related to certain directors 23,834 21,981 2,926,437 Amount due to joint ventures - - 42,426 242,226,831 244,559,415 220,776,052 Other payables Accrued operating expenses 59,251,294 78,185,844 30,568,739 Other payables 65,173,546 12,279,999 18,087,337 Deposits payable 65,590,973 31,934,344 14,999,146 Amount due to company related to certain directors - 2,350 11,254 Amount due to joint ventures 11,633,528 52,902 139,796 201,649,341 122,455,439 63,806,272 Total trade and other payables 443,876,172 367,014,854 284,582,324 Add: Loans and borrowings (Note 22) 273,153,771 129,602,722 115,035,316 Total financial liabilities carried at amortised cost 717,029,943 496,617,576 399,617,640 Company 31.12.2018 31.12.2017 1.1.2017 RM RM RM Other payables Accrued operating expenses 254,075 151,421 45,128 Other payables 5,320 176,798 - Amount due to subsidiaries - 5,943 1,136,150 Amount due to joint ventures - 52,902 139,796 Total financial liabilities carried at amortised cost 259,395 387,064 1,321,074 (a) Trade payables These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 day (31.12.2017: 30 to 90 day; 1.1.2017: 30 to 90 day) terms. (b) Other payables Other payables due to third parties are non-interest bearing and are normally settled on 30 to 60 day (31.12.2017: 30 to 60 day; 1.1.2017: 30 to 60 day) terms. Amounts due to subsidiaries, joint ventures and a company related to certain directors are unsecured, non-interest bearing and are repayable on demand. The amounts due to joint ventures are unsecured, bear interest at 3.30% (31.12.2017: Nil; 1.1.2017: Nil) per annum and are repayable on 31 March 2019 (31.12.2017: repayable on demand; 1.1.2017: repayable on demand). Annual Report 2018 106 For the financial year ended 31 December 2018 (cont’d) NOTES TO THE FINANCIAL STATEMENTS