2019 UEM Edgenta Annual Report

230 231 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 31. TRADE AND OTHER PAYABLES (CONT’D.) Group 2019 RM’000 2018 RM’000 Non-current Trade payables (Note a) Retention payables (Note b): Services: - Infrastructure 1,444 2,100 Property development 168 2,447 1,612 4,547 Other payables Sundry payables - 5 Total 1,612 4,552 Company 2019 RM’000 2018 RM’000 Current Other payables Accruals 9,099 2,669 Sundry payables 20,428 15,626 Due to holding company (Note c) 29,804 26,173 Due to related companies (Note c) 13,578 6,402 Deferred consideration payable (Note d) 2,910 8,691 Total 75,819 59,561 Non-current Other payables Loan from a subsidiary (Note e) 98,226 93,976 31. TRADE AND OTHER PAYABLES (CONT’D.) (a) Trade payables Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from 30 to 90 days (2018: 30 to 90 days). (b) Retention payables Retention payables are unsecured, interest-free and are expected to be paid within the terms of the relevant contracts. (c) Amounts due to holding and related companies Related companies refer to companies within the UEM group of companies. Amounts due to holding and related companies are non-interest bearing and are repayable on demand. The amounts are unsecured and are to be settled in cash. Further details on related party transactions are disclosed in Note 40. (d) Deferred consideration payable Group and Company 2019 RM’000 2018 RM’000 At 1 January 8,691 17,937 Accretion of interest on deferred consideration payable (Note 6) - 99 Reversal of deferred consideration payable (Note 5) (5,320) (9,345) Payment (461) - At 31 December 2,910 8,691 Deferred consideration payable as at current reporting date arose from the acquisition of EGT group in 2016, which is contingent on certain integration criteria being met. (e) Loan from a subsidiary Loan from a subsidiary bears interest at 4.75% (2018: 4.75%) per annum, unsecured and is expected to be settled in cash from 2020 onwards. (f) Sundry payables Included in sundry payables is liability amounting to RM28,209,686 (2018: RM28,209,686), being the fair value of the put- option granted to the non-controlling interest of a subsidiary.