200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 25. (b) (c) Amount due to subsidiaries (d) (e) 26. Provisions 2022 2021 RM RM Defect liability costs At 1 January 16,737,000 18,201,000 Reversal during the year (Note 7) (5,196,000) (1,464,000) At 31 December 11,541,000 16,737,000 This amount represents estimated rectification costs expected to be incurred during the defect liability period of construction contracts. Group The amount due to joint ventures are unsecured, bearing interest at Nil (2021: 3.57%) 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 (2021: 30 to 60 days) terms. The amount due to corporate shareholder of a subsidiary are unsecured, bearing interest ranging from 5.63% to 6.44% (2021: 5.37% to 6.87%) per annum and are repayable on demand. The amount due to subsidiaries are unsecured, non-interest bearing and repayable on demand. Trade and other payables (cont'd) Other payables Amount due to joint ventures Amount due to corporate shareholder of a subsidiary - 85 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 150
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