Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 24 TREASURY SHARES Group and Company 2023 2022 Number of shares Amount Number of shares Amount ’000 RM’000 ’000 RM’000 At 1 January/31 December 577 624 577 624 25 TRADE AND OTHER PAYABLES Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Current Trade payables 158,450 180,465 - - Other payables and accruals 424,736 293,243 1,148 7,337 Deposit from customers 12,426 47,243 - - Provision for gratuity - 12,720 - 12,720 595,612 533,671 1,148 20,057 Non-current Provision for gratuity 22,605 18,303 - - Other liabilities 27,920 10,889 - - 50,525 29,192 - - 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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 At 1 January 31,023 28,054 12,720 11,640 Additions 3,977 2,519 31 1,080 Utilised (12,751) - (12,751) - Effect of exchange rate changes 356 450 - - At 31 December 22,605 31,023 - 12,720 249 Wasco Berhad
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