NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
84
20. TRADE AND OTHER PAYABLES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Current
Trade payables
Third parties
680,907
480,019
657,698
472,179
Other payables
Other payables
194,080
158,433
220,030
159,461
Accruals
1,312,962
1,099,641
1,052,369
996,309
Advance billings
1,214,629
879,506
651,043
592,284
2,721,671
2,137,580
1,923,442
1,748,054
3,402,578
2,617,599
2,581,140
2,220,233
(a) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group and
the Company is 60 days (2013: 60 days) from date of invoice.
(b) Included in other payables are advance billings in relation to services not rendered during the financial
year amounting to RM1,214,629 and RM651,043 (2013: RM879,506 and RM592,284) of the Group and
the Company respectively.
(c) Included in accruals of the Group and the Company are payroll related accruals amounting to
RM730,869 (2013: RM766,021).
(d) The trade and other payables are denominated in Ringgit Malaysia (‘RM’).
(e) Information on financial risks of trade and other payables is disclosed in Note 33 to the financial
statements.
21. DEFERRED TAX LIABILITIES
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax
assets against current tax liabilities and when the deferred taxes relate to the same taxation authority.
The following amounts are shown in the statements of financial position:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Deferred tax liabilities
346,047
880,128
305,009
880,128
