16. Other payables and accrued expenses Group Fund 2024 2023 2024 2023 RM RM RM RM Non current Tenant deposit payables 5,697,759 5,602,842 5,697,759 5,602,842 Current Tenant deposit payables 8,598,205 8,309,355 8,598,205 8,309,355 Other payables 2,129,529 2,785,449 2,129,529 2,785,449 Income distribution - 16,165 - 16,165 Accrued expenses 5,126,627 4,650,295 5,096,387 4,650,295 Accrued financing cost 3,898,066 3,984,400 1,093,120 1,127,503 19,752,427 19,745,664 16,917,241 16,888,767 Total payables (non-current and current) 25,450,186 25,348,506 22,615,000 22,491,609 Add: Islamic financing (Note 17) 639,778,034 639,615,399 187,526,884 187,455,666 Amount due to related companies (Note (a)) 1,406,791 2,693,853 1,406,791 2,693,853 Amount due to a subsidiary (Note (b)) - - 450,604,258 448,837,893 Total financial liabilities carried at amortised cost 666,635,011 667,657,758 662,152,933 661,479,021 (a) Amount due to related companies Amount due to related companies are non-trade, unsecured, interest-free and repayable on demand. (b) Amount due to a subsidiary Amount due to a subsidiary represents unsecured advances received from the proceeds raised from Islamic financing by the subsidiary. The finance costs and repayment terms of the unsecured advances mirror the finance costs and repayment terms of the Islamic financing of Sukuk Ijarah raised by the said subsidiary as disclosed in Note 17. The amount due to a subsidiary is unsecured, repayable on demand and bears returns of 6.03% to 6.35% (2023: 5.05% to 6.25%) per annum, that are presented as net amount as there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously. Notes to the Financial Statements - 31 December 2024 1 ABOUT US 225 3 SUSTAINABILITY STATEMENT 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION
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