ANNUAL REPORT 2024 FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE 169 30. TRADE PAYABLES Group 2024 2023 RM’000 RM’000 Trade payables 14,987 19,457 The normal trade credit terms granted to the Group range from 30 to 90 (2023 - 30 to 90) days. 31. OTHER PAYABLES AND ACCRUALS Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Other payables 1,725 2,272 225 73 Deferred income 1,568 1,524 - - Provisions 7,993 7,387 1,654 1,417 Accruals 2,704 4,496 195 146 13,990 15,679 2,074 1,636 Accruals consist of cost for goods or services and subcontracting services. 32. SHORT-TERM BORROWINGS Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Secured:- Term loans (Note 25) 4,079 4,140 - - Term financing (Note 26) 496 1,447 496 1,447 Trade financing 40,196 34,307 - - Lease liabilities (Note 27) 712 708 551 708 Hire purchase payables (Note 28) 117 - 117 - 45,600 40,602 1,164 2,155 The trade financing bore effective interest rates ranging from 5.20% to 5.82% (2023 - 3.94% to 5.98%) per annum and are secured by a corporate guarantee of the Company. Certain trade financing is secured by a legal charge over a property of the Group and of the Company.
RkJQdWJsaXNoZXIy NDgzMzc=