Notes To The Financial Statements 31 March 2024 (Cont’d) 149 FINANCIAL STATEMENTS & OTHERS 17. NON-DISTRIBUTABLE RESERVES (CONT’D) (a) Exchange translation reserve The exchange translation reserve is used to record foreign currency exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the presentation currency of the Group. It is also used to record the exchange differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation. (b) Share options reserve The share options reserve represents the effect of equity-settled share options granted to employees. This reserve is made up of the cumulative value of services received from employees for the issue of share options. When options are exercised, the amount from the share options reserve is transferred to share capital. When the share options expire, the amount from the share options reserve is transferred to retained earnings. 18. TRADE AND OTHER PAYABLES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Non-current Other payables - third parties 21,146 22,830 - - Current Trade payables - third parties 1,850 5,649 - - Other payables Amounts due to subsidiaries - - 1,048 2,114 Other payables - third parties 1,348 2,190 136 18 Accruals 9,161 9,094 180 179 Deposits and advances received 37 46 27 37 Amount due to a related party 2,772 2,519 - - 13,318 13,849 1,391 2,348 Total current trade and other payables 15,168 19,498 1,391 2,348 Total trade and other payables 36,314 42,328 1,391 2,348 (a) Trade and other payables, except for land entitlement payment and contingent consideration for business acquisition, are classified as financial liabilities measured at amortised cost. (b) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group ranged from 30 days to 60 days (2023: 30 days to 60 days). (c) Non-current other payables amounting RM20,969,000 (2023: RM22,668,000) relates to land entitlement payment for the Group’s property development project. The entitlement is payable to the landowner upon completion of the development project.
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