33. TRADE AND OTHER PAYABLES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Non-current Trade payables Third parties (Note 33(a)(i)) 344,772 339,413 – – Other payables Other payables and deposits 31,942 29,233 – – Accruals 130,400 78,497 – – Security retainers (Note 33(b)(i)) 2,591 2,408 – – Sinking fund reserves (Note 33(b)(ii)) 7,113 9,845 – – Amounts due to shareholders – 2,556 – – 172,046 122,539 – – 516,818 461,952 – – Current Trade payables (Note 33(a)(ii)) Third parties 331,176 364,948 – – Retention sum 74,138 123,745 – – 405,314 488,693 – – Other payables Other payables and deposits 359,300 234,292 1,490 2,984 ICPS dividend payable 95 11,788 95 11,788 Accruals 179,646 210,979 15,035 13,585 Amounts due to: (Note 33(b)(iii)) - Subsidiaries – – 224,972 264,363 - Non-controlling interests 2,573 4,869 – – - Joint venture 3,492 – – – Amounts due to shareholders 49,834 106,884 37,726 94,947 594,940 568,812 279,318 387,667 1,000,254 1,057,505 279,318 387,667 Total trade and other payables 1,517,072 1,519,457 279,318 387,667 (a) Trade payable (i) Trade payables (non-current) This amount relates to the vendor’s entitlement payable by a subsidiary arising from the acquisition of land over the period of the development projects, which is approximately 20 years. (ii) Trade payables (current) The normal trade credit term granted to the Group ranges from 30 to 90 days (2020: 30 to 90 days) from the date of invoice and progress claim. The retention sum is repayable upon expiry of the defect liability period of 12 to 18 months (2020: 12 to 18 months). 33. TRADE AND OTHER PAYABLES (CONT’D.) (b) Other payables (i) Security retainers Security retainers are funds collected from members of the golf and country resort of the Group who joined prior to January 1993. These security retainers are refundable to the members on cessation of membership, i.e., upon the expiry of the term of the membership license on 9 October 2051 or upon revocation (i.e., termination of the membership at its discretion at any time before the expiry date). Group 2021 2020 RM’000 RM’000 At 1 January 2,408 2,232 Unwinding of discount 273 196 Termination (90) (20) At 31 December 2,591 2,408 (ii) Sinking fund reserves Group 2021 2020 RM’000 RM’000 At 1 January 9,845 7,876 Additions 1,739 1,886 Claims made during the financial year (4,471) – Others – 83 At 31 December 7,113 9,845 Sinking fund of the Group is established for the purpose of covering periodic major repairs or capital replacements costs in the golf and country resort of the Group. A fraction of 10% of monthly subscription fees received from members during the year are credited to this reserve. (iii) Amounts due to subsidiaries, non-controlling interests and joint venture Amounts due to subsidiaries, non-controlling interests and joint venture are mainly unsecured, non-interest bearing and repayable on demand. (iv) Other payables Other payables are mainly unsecured, non-interest bearing and have no fixed terms of repayment. (v) Amounts due to shareholders Amounts due to shareholders are mainly unsecured, non-interest bearing and repayable on demand. Other information on financial risks of other payables are disclosed in Note 40. FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 322 323
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