Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 25. Trade and other payables 2020 2019 2020 2019 RM RM RM RM Current Trade payables Third parties 222,352,466 272,957,905 - - Amount due to a company related to certain directors 35,928 184,557 - - 222,388,394 273,142,462 - - Other payables Accruals 19,608,328 26,064,667 447,744 355,052 Third parties 23,480,790 26,387,153 6,287 663 Deposits payable 130,212 51,374 - - Amount due to company related to certain directors - 2,830 - - Amount due to subsidiaries - - 16,576 9,305 Amount due to related company - - 89 - Amount due to joint ventures 5,262,632 8,453,859 - - 48,481,962 60,959,883 470,696 365,020 Total trade and other payables 270,870,356 334,102,345 470,696 365,020 Add: Loans and borrowings (Note 23) 407,107,416 406,608,807 - - Add: Lease liabilities (Note 24) 6,051,248 6,343,636 - - Total financial liabilities carried at amortised cost 684,029,020 747,054,788 470,696 365,020 (a) Trade payables These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 days (2019: 30 to 90 days) terms. Company Group - 84 - 141 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020