PRG Holdings Berhad Annual Report 2018
21. TRADE AND OTHER PAYABLES (continued) Group Company 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Other payables Amounts owing to subsidiaries (b) - - 2,851 - Amounts owing to associates (b) 163 37 - - Other payables (c) 53,377 35,369 1,766 49 Deposits received from customers 38,857 58,419 - - Accruals 28,947 40,133 - 70 121,344 133,958 4,617 119 Total current liabilities 150,385 150,796 4,617 119 Total liabilities 153,724 160,352 4,617 119 (a) Trade payables Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from one (1) month to three (3) months (2016: one (1) month to three (3) months) from the date of invoice. The amount owing to a joint venture included in trade payables is subject to trade terms. (b) Amounts owing to subsidiaries and associates The amounts owing to subsidiaries and associates represent advances, which are unsecured, interest-free and payable upon demand in cash and cash equivalents. (c) Other payables (i) Non-current and current other payables of the Group include amounts of RM1,289,000 and RM8,742,000 respectively (2017: RM9,556,000 and RM5,663,000 respectively), which represent the present value of the remaining unpaid amount for the purchase consideration of the development land as disclosed in Note 16(a) to the financial statements. (ii) Included in other payables of the Group is an amount of RM10,569,000 (2017: RM10,569,000), which represents the balance of the purchase consideration of the development land as disclosed in Note 16(b) to the financial statements. (iii) Included in other payables of the Group is an amount of RM38,157,000 (2017: RM57,759,000) paid by the underwriter pursuant to the Promoter and Underwriter Agreement. (d) The currency exposure profile of trade and other payables are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 148,723 153,760 4,617 119 United States Dollar 1,362 2,094 - - Vietnamese Dong 3,301 4,058 - - Hong Kong Dollar 308 286 - - Singapore Dollar 30 - - - Others - 154 - - 153,724 160,352 4,617 119 (e) Information on financial risks of trade and other payables is disclosed in Note 33 to the financial statements. 141 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)
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