2020 UEM Edgenta Annual Report

28. TRADE AND OTHER PAYABLES (CONTD.) d. Deferred consideration payable Group and Company RM’000 2020 2019 At 1 January 2,910 8,691 Reversal of deferred consideration payable (Note 5) – (5,320) Payment – (461) At 31 December 2,910 2,910 D eferred 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 L oan from a subsidiary bears interest at 3.76% (2019: 4.75%) per annum, unsecured and is expected to be settled in 2021. f. Sundry payables I n prior year, an amount of RM28,209,686 being the fair value of the put-option granted to the non-controlling interest of a subsidiary was included in sundry payables. The amount was settled during the year. UEM EDGENTA BERHAD 272 Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020