Sasbadi Annual Report 2019

PAGE 110 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) 15. Loans and borrowings (continued) 15.2 Term loans The term loans of the Group are secured by charges over the land and buildings (Note 3), investment properties (Note 4), land and building of a company owned by a former director of a subsidiary, corporate guarantees by the Company and letter of negative pledge. 15.3 Bank overdrafts The bank overdrafts of the Group are secured by charges over the land and buildings (Note 3), pledged deposits (Note 13.1), corporate guarantees by the Company, land and building of a company owned by a former director of a subsidiary, and letter of negative pledge. 15.4 Bankers’ acceptances The bankers’ acceptances are secured by charges over the land and buildings (Note 3), corporate guarantees by the Company and letter of negative pledge. 16. Trade and other payables Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Trade Trade payables 6,590 7,299 - - Non-trade Amount due to a subsidiary 16.1 - - 6,853 - Other payables and accrued expenses 16.2 10,894 11,693 407 372 17,484 18,992 7,260 372 16.1 Amount due to a subsidiary Amount due to a subsidiary is non-trade in nature, unsecured, interest free and repayable on demand. 16.2 Other payables and accrued expenses Included in other payables and accrued expenses of the Group are accrued royalties payable of RM4,351,000 (2018: RM5,614,000). Included in other payables and accrued expenses of the Group and of the Company is an amount due to Directors of RM324,000 (2018: RM312,000).