Yinson Annual Report 2020

294 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 36. Trade and other payables Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Current: Trade payables Third parties 147,581 112,800 - - Other payables Due to directors 1,475 1,456 1,475 1,456 Due to subsidiaries - - 602,525 1,420 Due to joint ventures 2,903 8,528 23 - Directors’ related companies - 13 - - Sundry payables 22,181 46,121 1,878 495 Accruals 261,095 170,789 7,411 2,733 Deferred income 51,668 28,823 - - Deposit 9,469 11,296 - - 348,791 267,026 613,312 6,104 496,372 379,826 613,312 6,104 Non-current: Other payables Due to subsidiaries - - 486,832 584,382 Deferred income 714,070 355,344 - - 714,070 355,344 486,832 584,382 Total trade and other payables 1,210,442 735,170 1,100,144 590,486 (a) Trade payables Trade payables are non-interest bearing and the general credit terms granted to the Group is 30 (2019: 30) days. (b) Other payables - current All other payables are unsecured, non-interest bearing and are repayable on demand, except for amounts due to subsidiaries which are revolving on daily basis, and deferred income which relates to income received in advance and is non-refundable. Included in the Group’s sundry payables and accruals are amounts relating to capital expenditures incurred for the construction of an FPSO amounting to RM93,639,000 (2019: RM46,084,000). Included in the amounts due to subsidiaries are advances novated from subsidiaries of RM655,954,000, which arose from an internal re-organisation exercise carried out during the current financial year. (c) Other payable - non-current Amounts due to subsidiaries are unsecured and the Company has discretion to defer the settlement for at least 12 months from the balance sheet date. Included in the amounts due to subsidiaries is an interest-bearing loan of approximately RM486,832,000 (2019: RM584,382,000), which bears interest of 6.53% to 7.09% (2019: 7.18% to 8.02%) per annum.