Sasbadi Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 112 SASBADI HOLDINGS BERHAD (1022660-T) I BER AD (10 2 60-T) 14. Provisions Group 2017 2016 RM’000 RM’000 Sales returns At 1 September 1,062 1,199 Provision made during the year 335 99 Provision reversed during the year (194) (236) At 31 August 1,203 1,062 The Group has a formal policy for the provision of sales returns from customers. The estimated liabilities are made after taking into consideration the historical trends of sales returns. 15. Trade and other payables Group Company Note 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Trade Trade payables 8,646 11,188 - - Non-trade Amount due to a subsidiary 15.1 - - 1 - Other payables and accrued expenses 15.2 11,705 11,163 430 379 20,351 22,351 431 379 15.1 Amount due to a subsidiary Amount due to a subsidiary is non-trade in nature, unsecured, interest free and repayable on demand. 15.2 Other payables and accrued expenses Included in other payables and accrued expenses of the Group are accrued royalties payable of RM7,234,000 (2016: RM7,900,000). Included in other payables and accrued expenses of the Group and of the Company is an amount due to Directors of RM322,000 (2016: RM328,000). 16. Revenue Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Sale of goods 93,053 92,690 - - Dividend income - - 3,480 10,680 93,053 92,690 3,480 10,680