25. Trade and other payables (cont’d.) (a) Trade payables Trade payables are non-interest bearing and the normal trade credit terms granted to the Group ranges from 14 to 90 days (2015: 14 to 90 days). (b) Other payables and amounts due to related parties The non-trade balances due to holding company, subsidiaries, fellow subsidiaries, associates and joint ventures are repayable on demand and are non-interest bearing. (c) Provisions Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January 1,277,024 1,120,502 1,184,363 1,065,543 Arose during the year (Note 5) 226,025 217,814 218,197 173,590 Utilised (301,698) (288,334) (262,297) (288,334) Unused amount reversed (278,511) (63,021) (247,581) (63,021) Unwinding of discount 70,129 64,163 70,129 64,163 Currency translation differences 31,844 225,900 34,299 232,422 At 31 December 1,024,813 1,277,024 997,110 1,184,363 Current 342,987 579,980 315,284 487,319 Non-current: Later than 1 year but not later than 2 years 256,085 197,243 256,085 197,243 Later than 2 years but not later than 5 years 425,741 469,404 425,741 469,404 More than 5 years – 30,397 – 30,397 681,826 697,044 681,826 697,044 1,024,813 1,277,024 997,110 1,184,363 The provisions of the Group and the Corporation as at 31 December 2016 includes provisions made on vessel in-charter contracts, where the unavoidable cost of meeting the obligations under the contracts exceed the economic benefits expected to be derived from the assets amounting to RM962,366,000 (2015: RM908,483,000). Financial Statements 271
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