ENRA Group Berhad Annual Report 2018

95 A N N U A L R E P O R T 2 0 1 8 NOTES TO THE FINANCIAL STATEMENTS 31 March 2018 cont’d 22. TRADE AND OTHER PAYABLES Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Non-current Other payables Other payable 104 - - - Contingent consideration for business acquisition - 1,313 - - 104 1,313 - - Current Trade payables Third parties 19,002 10,678 - - Other payables Other payables 3,547 7,320 - 49 Contingent consideration for business acquisition - 2,779 - - Accruals 5,408 54,546 1,444 1,450 Deposits and advances received 11,822 2,174 10,532 1,989 Amount owing to a related party 4,735 4,830 - - 25,512 71,649 11,976 3,488 44,514 82,327 11,976 3,488 (a) Trade payables are non-interest bearing and the normal trade credit terms granted to the Group ranged from 30 days to 60 days (2017: 30 days to 60 days). (b) Included in accruals in the previous financial year were the following: (i) commitment in relation to the Joint Venture Agreement entered between Landmark Zone Sdn. Bhd., a wholly owned subsidiary of the Company with a third party for the development of a commercial property development project at Lots 11749 and 11750, Taman Shamelin Perkasa, Kuala Lumpur, amounting to RM43,005,000. This amount has been fully settled during the current financial year; and (ii) an amount of RM8,275,000 related to property development costs accrued for the Group’s property development project. (c) Amount owing to a related party represents the advances received from non-controlling interest, SIP 93GT Ltd. amounting to RM4,735,000 (2017: RM4,830,000) which are unsecured, non-interest bearing and payable on demand in cash and cash equivalents. (d) Included in the trade and other payables are amounts to be set off against with the purchasers of the investment properties of approximately RM3,000,000 as disclosed in Note 44(e) to the financial statements.