UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 269 268 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 28. TRADE AND OTHER PAYABLES (CONTD.) Company 2021 RM’000 2020 RM’000 Current Other payables Accruals 20,048 23,246 Sundry payables 14,751 8,954 Due to holding company (Note c) 5,986 25,161 Due to related companies (Note d) 2,381 1,040 Due to subsidiary companies (Note e) 5,145 17,063 Deferred consideration payable (Note f) - 2,910 Total 48,311 78,374 Non-current Other payables Loan from a subsidiary (Note g) - 101,636 (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 (2020: 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) Amount due to holding company Amount due to holding company is non-interest bearing and is repayable on demand. The amount is unsecured and is to be settled in cash. Further details on related party transactions are disclosed in Note 37. 28. TRADE AND OTHER PAYABLES (CONTD.) (d) Amounts due to related companies Related companies refer to companies within the UEM group of companies. Amounts due to 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 37. (e) Amounts due to subsidiary companies Amounts due to subsidiary 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 37. (f) Deferred consideration payable Group and Company 2021 RM’000 2020 RM’000 At 1 January 2,910 2,910 Payment (2,910) - At 31 December - 2,910 In the previous financial year, deferred consideration payable arose from the acquisition of EGT group in 2016, which is contingent on certain integration criteria being met. The amount has been fully paid during the financial year. (g) Loan from a subsidiary In the previous financial year, the loan from a subsidiary bore interest at 3.76% per annum and unsecured. The loan from a subsidiary has been fully repaid in the current financial year.
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