DESTINI AR 2017

27. Redeemable Preference Shares Group Number of shares Amount 2017 2016 2017 2016 Units Units RM RM Redeemable preference shares of GBP1.00 each Issued and fully paid: At 1 January 250,000 - 1,377,287 - Issued during the financial year - 250,000 - 1,377,287 Exchange difference - - (13,729) - At 31 December 250,000 250,000 1,363,558 1,377,287 The main features of the preference shares are as follows: (i) The preference shares shall confer a right to a fixed non-cumulative preferential dividend at the fixed rate of GBP0.01 per annum. The preferential dividend shall rank for payment in priority to the payment of a dividend on any other shares of the subsidiary. (ii) The preference shares shall not confer the right to any further or other participation in the profit of the subsidiary. (iii) The preference shares will be redeemed at GBP1.00 each in a date to be determined later but not later than thirty-six (36) months from the date of issuance. (iv) The preference shares shall rank in priority in any distribution of assets in the event of liquidation, dissolution or winding- up of the subsidiary. 28. Trade Payables The normal trade credit terms granted to the Group range from 30 to 90 days (2016: 30 to 90 days). 29. Other Payables Group Company 2017 2016 2017 2016 RM RM RM RM Other payables 8,555,771 8,025,037 450,788 301,616 GST payable 24,035,232 8,723,708 1,133,550 - Accruals 6,586,716 3,003,551 122,419 114,419 Deposits received 4,343,235 2,299,332 - - 43,520,954 22,051,628 1,706,757 416,035 30. Amount Due to a Director This amount represents unsecured, interest free advances and is repayable on demand. 151 DESTINI BERHAD Annual Report 2017