PRG Holdings Berhad Annual Report 2020

26. TRADE AND OTHER PAYABLES (continued) Group Company 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 Current Other payables Amounts owing to subsidiaries (b) - - 600 549 Amounts owing to associates (b) 43 43 - - Amounts owing to. shareholders (b) 30,871 10,073 30,871 9,920 Other payables (c) 8,744 63,512 114 701 Deposits received from customers 5,328 1,000 - - Accruals (d) 5,181 5,526 108 95 Redeemable preference shares (e) 2,700 - - - 52,867 80,154 31,693 11,265 Total current payables 99,368 121,591 31,693 11,265 Total payables 111,408 133,581 31,693 11,265 (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 (2019: one (1) month to three (3) months) from the date of invoice. The amount owing to associates included in trade payables is subject to trade terms. (b) Amounts owing to subsidiaries, shareholders and associates The amounts owing to subsidiaries, shareholders and associates represent advances, which are unsecured, interest- free and payable upon demand in cash and cash equivalents. Amounts owing to shareholders of the Group and the Company included a loan from a shareholder of RM8,963,000 (2019: nil) which bears interest at 4.0% per annum, is payable within next twelve months in cash and cash equivalents and is secured over 257,040,000 (2019: RM nil) of shares in Furniweb Holdings Limited held by the Company with carrying amount of RM47,365,000 (2019: RM nil). (c) Other payables (i) Included in other payables of the Group is an amount of RM9,310,000 (2019: RM9,308,000), which represents the balance of the purchase consideration of the development land as disclosed in Note 19(c) to the financial statements. (ii) In the previous financial year, included in other payables of the Group is an amount of RM54,724,000, which represents the remaining unpaid amount for the purchase consideration of biological assets as disclosed in Note 20(f) to the financial statements. PRG HOLDINGS BERHAD 154 Notes to the Financial Statements 31 December 2020 cont’d