NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 111 - 23. Bank Borrowings (Cont’d) Maturity of bank borrowing is as follows: 2021 2020 2021 2020 RM RM RM RM Within one year 90,567,200 93,391,349 4,859,799 2,944,144 Between one to two years 9,013,364 11,648,994 8,999,229 4,815,412 Between two to five years 4,541,534 8,441,254 989,485 8,396,623 More than five years 33,900 50,850 - - 104,155,998 113,532,447 14,848,513 16,156,179 Group Company 24. Other Payables 2021 2020 2021 2020 RM RM RM RM Non-Current Liability Other payables 739,537 458,751 - - Current Liabilities Other payables 44,285,131 57,018,645 2,140,598 1,400,553 GST payable - 1,435,353 Accruals 10,413,734 11,856,548 147,220 149,420 Provision for warranty 453,716 513,722 - - Customer deposits 1,054,960 1,763,914 - - 56,207,541 72,588,182 2,287,818 1,549,973 56,947,078 73,046,933 2,287,818 1,549,973 Group Company Invoice financing is repayable within 150 to 180 (2020: 60 to 180) days with interest at rate of 1.00% to 1.17% (2020: 1.00 to 1.17%) per annum above the Bank’s prevailing prime lending rate at 3.00% to 5.25% (2020: 5.25% to 5.50%). The facilities are secured by way of corporate guarantee by ultimate holding company, pledged deposits and a charge on all sum in the current account of the subsidiary company’s bank account. 188 DESTINI BERHAD • ANNUAL REPORT 2021
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