''" 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! $--+'!These!security!retainers!are!refundable!to!the!members!on!cessation!of!membership&!i'e'&!upon!the!expiry!of!the!term! of!the!membership!license!on!-!October!"#/$!or!upon!revocation!(i'e'&!termination!of!the!membership!at!its!discretion!at!any! time!before!the!expiry!date)' Group +"+$! +"++! RM’""" RM’""" At!#!January !+%((.! !"&/-$! Unwinding!of!discount! !+$(! !+%0! Termination !()") !($,#) At!$#!December !+%,('! !"&00,! (ii) Sinking!fund!reserves Group +"+$! +"++! RM’""" RM’""" At!#!January !.%$+"! !0&$$+! Additions !+%.,"! !$&0-"! Claims!made!during!the!financial!year –! !(/,/) At!$#!December !##%+#"! !,&+"#! 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!$#3!of!monthly!subscription!fees!received!from!members!during!the!year! are!credited!to!this!reserve' (iii) Amounts!due!to!subsidiaries&!non-controlling!interests!and!joint!venture Amounts! due! to! subsidiaries&! non-controlling! interests! and! joint! venture! are! mainly! unsecured&! non-interest! bearing! and! repayable!on!demand' (iv) Other!payables Other!payables!are!mainly!unsecured&!non-interest!bearing!and!have!no!fixed!terms!of!repayment' (v) Amounts!due!to!shareholders Amounts!due!to!shareholders!are!mainly!unsecured&!non-interest!bearing!and!repayable!on!demand' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 276 ANNUAL REPORT 2023
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