ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 112 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 21. NON-DISTRIBUTABLE RESERVES (Cont’d) The exchange translation reserve is used to record foreign currency exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the presentation currency of the Group. It is also used to record the exchange differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation. 22. TRADE AND OTHER PAYABLES Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 NON-CURRENT Other payables Other payables 9,450 - - - Contingent consideration for business acquisition 1,338 2,613 - - 10,788 2,613 - - CURRENT Trade payables Third parties 14,770 12,944 - - Other payables Amounts due to subsidiaries - - 3,901 5,129 Other payables 10,458 2,037 509 - Contingent consideration for business acquisition 1,566 1,730 - - Accruals 6,725 3,118 1,643 310 Deposits and advances received 966 92 5 77 Amount owing to a related party 11,334 11,855 - - 31,049 18,832 6,058 5,516 45,819 31,776 6,058 5,516 Total trade and other payables 56,607 34,389 6,058 5,516 a. Trade and other payables, except for land entitlement payment and contingent consideration for business acquisition, are classified as financial liabilities measured at amortised cost. b. Trade payables are non-interest bearing and the normal trade credit terms granted to the Group ranged from 30 days to 60 days (2019: 30 days to 60 days).