Datasonic Group Berhad 146 Notes to the Financial Statements for the Financial Year Ended 31 March 2022 (Cont’d) 27. DEFERRED TAX LIABILITIES (cont’d) Group 2022 2021 RM’000 RM’000 Accelerated capital allowances 22,521 12,541 28. TRADE PAYABLES Group 2022 2021 RM’000 RM’000 Trade payables 6,583 1,048 The normal trade credit terms granted to the Group range from 30 to 90 (2021 - 30 to 90) days. 29. OTHER PAYABLES AND ACCRUALS Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Other payables 1,986 838 172 69 Deferred income 2,124 2,303 - - Provisions 3,184 1,650 559 58 Accruals 7,354 24,472 152 324 14,648 29,263 883 451 Accruals consist of accrued cost for goods or services and subcontracting costs. 30. SHORT-TERM BORROWINGS Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Secured:- Term loans (Note 24) 4,126 4,397 - - Term financing (Note 25) 1,398 1,355 1,398 1,355 Trade financing 3,425 7,259 - - 8,949 13,011 1,398 1,355 The trade financing bore effective interest rates ranging from 3.76% to 3.91% (2021 - 3.63% to 3.85%) per annum at the end of the financial year and are secured by a corporate guarantee of the Company. Certain trade financing is secured by a legal charge over a property of the Company and deposits with a licensed bank.
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