Tropicana Corporation Berhad Annual Report 2020

32. BORROWINGS (CONT'D.) (b) Islamic Medium Term Notes (cont'd.) The proceeds from the issuance of the Sukuk Wakalah shall be utilised by the Company for the following Shariah-compliant purposes in the following order of priority: (i) repayment of existing financing/borrowings to unencumber the secured properties; and (ii) defraying fees, costs and expenses in relation to the issuance of the Sukuk Wakalah and Sukuk Wakalah Programme. The remaining proceeds after (i) and (ii) above shall be utilised by the Company for the following Shariah-compliant purposes: (a) capital expenditure and/or investments (including but not limited to the purchase of land(s), building(s), shares, property and/or payment into joint ventures) of the Company and/or its group of companies; (b) working capital of the Company and/or its group of companies; (c) refinancing of existing financing/borrowings of the Company or its group of companies; and/or (d) general corporate purpose of the Company and/or its group of companies. (c) Changes in liabilities arising from financing activities Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 At 1 January 2,519,115 1,951,280 336,090 434,431 Cash flows 870,551 146,039 1,315,647 (98,986) Reclassification from payables 197,781 – – – Acquisition of subsidiaries – 423,156 – – Hire purchase (1,043) (918) (243) (81) Others (9,245) (442) 655 726 At 31 December 3,577,159 2,519,115 1,652,149 336,090 The "others" represent transactions involving amortisation of borrowing costs. 33. TRADE AND OTHER PAYABLES Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Non-current Trade payables Third parties (Note 33(a)(i)) 339,413 421,615 – – Other payables Other payables and deposits 29,233 540 – – Accruals 78,497 68,927 – – Security retainers (Note 33(b)(i)) 2,408 2,232 – – Sinking fund reserves (Note 33(b)(ii)) 9,845 7,876 – – Amounts due to shareholders 2,556 – – – 122,539 79,575 – – 461,952 501,190 – – Current Trade payables (Note 33(a)(ii)) Third parties 364,948 583,623 – – Retention sum 123,745 142,981 – – 488,693 726,604 – – Other payables Other payables and deposits 234,292 257,171 2,984 18,248 ICPS dividend payable 11,788 – 11,788 – Accruals 210,979 195,894 13,585 8,121 Amounts due to: (Note 33(b)(iii)) - Subsidiaries – – 264,363 84,954 - Non-controlling interests 4,869 23,361 – – Amounts due to shareholders 106,884 396,587 94,947 188,533 568,812 873,013 387,667 299,856 1,057,505 1,599,617 387,667 299,856 Total trade and other payables 1,519,457 2,100,807 387,667 299,856 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 266 267