200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 25. Trade and other payables (cont'd) (b) Other payables 26. Provisions 2021 2020 RM RM Defect liability costs At 1 January 18,201,000 17,170,000 (Reversal)/Addition during the year (Note 7) (1,464,000) 1,031,000 At 31 December 16,737,000 18,201,000 Group This amount represents estimated rectification costs expected to be incurred during the defect liability period of construction contracts. The amount due to joint ventures are unsecured, bearing interest ranging from 3.57% to 5.99% (2020: 1.75% to 3.30%) per annum and are repayable on demand. The amount due to corporate shareholder of a subsidiary is unsecured, bearing interest ranging from 5.37% to 6.87% (2020: Nil) per annum and are repayable on demand. Other payables due to third parties are non-interest bearing and are normally settled on 30 to 60 days (2020: 30 to 60 days) terms. Other than the above, the amounts due to subsidiaries and related company are unsecured, non-interest bearing and are repayable on demand. - 84 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 144
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