7 FINANCIAL STATEMENTS 351 36. TRADE AND OTHER PAYABLES (CONTD.) Group 2025 RM’000 31.12.2024 RM’000 Restated 1.1.2024 RM’000 Restated Non-current Trade payables (Note a) Trade accruals - 261 - Retention payables (Note b): Services: - Infrastructure 7,329 18,653 6,298 - Property development 85 - 250 7,414 18,914 6,548 Other payables Deferred consideration payables (Note e) - 12,229 - 7,414 31,143 6,548 Company 2025 RM’000 2024 RM’000 Current Other payables Accruals 10,367 6,173 Sundry payables 2,871 1,036 Due to holding company (Note c) 1,497 1,242 Due to related companies (Note d) 2,468 762 Due to subsidiary companies (Note c) 24,046 4,194 Total 41,249 13,407 (a) Trade payables Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from 30 to 90 days (2024: 30 to 90 days). The Group has established a supplier finance arrangement that is offered to some of the Group’s local key suppliers. Participation in the arrangement is at the suppliers’ own discretion. Suppliers that participate in the supplier finance arrangement will receive early payment on invoices sent to the Group from the Group’s external finance provider. If suppliers choose to receive early payment, they pay a fee to the finance provider, to which the Group is not party. In order for the finance provider to pay the invoices, the goods must have been received or supplied and the invoices approved by the Group. Payments to suppliers ahead of the invoice due date are processed by the finance provider and, in all cases, the Group settles the original invoice by paying the finance provider in line with the original invoice maturity date described above. Payment terms with suppliers have not been renegotiated in conjunction with the arrangement. The Group provides no security to the finance provider. All trade payables subject to the supplier finance arrangement are included in trade and other payables in the consolidated statement of financial position and within trade payables in the table above. As at 31 December 2025, the balances of trade payables under this programme was RM25.2 million (31 December 2024: RM37.0 million).
RkJQdWJsaXNoZXIy NDgzMzc=