200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 24. Trade and other payables 2023 2022 2023 2022 RM RM RM RM Current Trade payables Third parties (a) 278,300,480 170,803,592 - - Amount due to joint ventures (a) 4,196,817 4,893,675 - - 282,497,297 175,697,267 - - Other payables Accruals 35,188,432 34,655,215 702,572 602,202 Third parties (b) 14,623,441 16,777,866 604,215 597,288 Deposits payable 336,942 198,942 - - Amount due to subsidiaries (c) - - 39,032,359 193,144 Amount due to joint ventures (d) 529,300 79,129 928 431 Amount due to corporate shareholder of a subsidiary (e) 4,191,783 3,302,046 - - 54,869,898 55,013,198 40,340,074 1,393,065 Total trade and other payables 337,367,195 230,710,465 40,340,074 1,393,065 Add: Loans and borrowings (Note 22) 413,373,990 307,638,406 87,860,000 80,900,000 Add: Lease liabilities (Note 23) 5,264,943 6,084,436 - - Total financial liabilities carried at amortised cost 756,006,128 544,433,307 128,200,074 82,293,065 (a) Trade payables Group Company These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 days (2022: 30 to 90 days) terms. - 65 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 135 Annual Report 2023
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