Kimlun Corporation Berhad Annual Report 2017

Annual Report 2017 105 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 (cont’d) 25. Trade and other payables Group 2017 2016 RM RM Trade payables Third parties 244,537,434 217,807,189 Amount due to company related to certain directors 21,981 2,926,437 Amount due to joint venture - 42,426 244,559,415 220,776,052 Other payables Accrued operating expenses 78,185,844 30,568,739 Other payables 12,279,999 18,087,337 Deposits payable 31,934,344 14,999,146 Amount due to company related to certain directors 2,350 11,254 Amount due to joint venture 52,902 139,796 122,455,439 63,806,272 Total trade and other payables 367,014,854 284,582,324 Add: Loans and borrowings (Note 24) 129,602,722 115,035,316 Total financial liabilities carried at amortised cost 496,617,576 399,617,640 Company 2017 2016 RM RM Other payables Accrued operating expenses 151,421 45,128 Other payables 176,798 - Amount due to subsidiaries 5,943 1,136,150 Amount due to joint ventures 52,902 139,796 Total financial liabilities carried at amortised cost 387,064 1,321,074 (a) Trade payables These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 days (2016: 30 to 90 days) terms. (b) Other payables These amounts are non-interest bearing. Other payables are normally settled on 30 to 60 days (2016: 30 to 60 days) term. (c) Amount due to subsidiaries, joint ventures and a company related to certain directors These amounts are unsecured, non-interest bearing and are repayable on demand. 26. Other current liability Group 2017 2016 RM RM Gross amount due to customers for contract work (Note 22) 31,019,617 33,076,162