MKH Annual Report 2020

194 FINANCIAL STATEMENTS ANNUAL REPORT 2020 30. PAYABLES AND ACCRUALS The Group The Company Note 2020 RM 2019 RM 2020 RM 2019 RM Non-current Landowners’ entitlement (a) 328,358,787 294,501,382 - - Retention sum payable to  subcontractors after one year 20,248,775 15,210,808 - - 348,607,562 309,712,190 - - Current Trade Trade payables (b) 285,540,587 277,270,307 - - Landowners’ entitlement (a) 88,132,141 130,036,194 - - Retention sum payable to  subcontractors within one year 35,931,408 46,050,150 - - Non-trade Amount due to subsidiaries (c) - - 13,250 12,343 Deferred revenue (d) 17,861,820 9,839,466 - - Other payables 60,853,770 49,525,019 12,508 55,960 Deposits received (e) 11,500,996 17,797,163 - - Advances from customers (f) 221,526 5,734,800 - - Accruals (g) 21,991,828 30,426,790 686,282 701,218 522,034,076 566,679,889 712,040 769,521 (a) These are in respect of payable for landowners’ entitlement under deferred payment term pursuant to the joint land development agreements and joint venture agreements entered into with the landowners. Pursuant to the said agreements, the entitlements are determined based on agreed percentage on the total development units and/or total gross development value net of trade discount, where applicable, of the property development projects. These deferred payables are measured at amortised cost at imputed interest rates ranging from 5.56% to 10.00% (2019: 5.56% to 10.00%) per annum. (b) The normal trade credit term granted to the Group ranges from 7 to 90 days (2019: 7 to 90 days) unless as specified in the agreements. Included in trade payables is amount due to an associate of the Group of RM19,030,445 (2019: RM7,465,019) including retention sums of RM6,460,637 (2019: RM7,465,019). (c) Amount due to subsidiaries of the Company is unsecured, interest-free and is repayable on demand.