NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 26 TRADE AND OTHER PAYABLES Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Current Trade payables 180,465 126,225 - - Other payables and accruals 293,243 175,923 7,337 6,901 Deposit from customers 47,243 49,624 - - Provision for gratuity 12,720 11,640 12,720 11,640 533,671 363,412 20,057 18,541 Non-current Provision for gratuity 18,303 16,414 - - Other liabilities 10,889 8,651 - - 29,192 25,065 - - Provision for gratuity relates to gratuity provision for key management personnel. The movement of the provision during the financial year is as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 At 1 January 28,054 29,075 11,640 10,560 Additions/(Reversal) 2,519 (1,238) 1,080 1,080 Effect of exchange rate changes 450 217 - - At 31 December 31,023 28,054 12,720 11,640 The Group’s trade payables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2022 2021 RM’000 RM’000 - United States Dollar 36,402 4,647 - Qatari Rial 13,521 9,168 - Singapore Dollar 8,859 2,826 - Indonesian Rupiah 7,392 7,565 - Euro Dollar 3,109 1,092 - Japanese Yen 2,079 1,670 - British Pound 449 1,912 71,811 28,880 Annual Report 2022 Wah Seong Corporation Berhad 177
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