NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 124 26. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES Trade payables of the Group comprise amounts outstanding for trade purchases. The credit periods granted to the Group for trade purchases range from 30 to 90 days (2024: 30 to 90 days). Other payables and accrued expenses consist of: The Group The Company 2025 2024 2025 2024 RM RM RM RM Other payables 89,001,658 93,088,038 561,329 237,215 Accrued expenses 41,347,348 39,625,805 9,979,149 9,174,644 130,349,006 132,713,843 10,540,478 9,411,859 Less: Other payables (included under non-current liabilities) (204,189) (172,698) - - Current liabilities 130,144,817 132,541,145 10,540,478 9,411,859 Included in (other receivables)/other payables are defined benefit plan as detailed below: The Group 2025 2024 RM RM Defined benefit plan (Overseas subsidiaries) - Taiwan (691,906) (798,973) - Philippines 204,189 172,698 (487,717) (626,275) (a) Defined benefit plan – Taiwan The Group 2025 2024 RM RM Fair value of plan assets (1,128,574) (1,094,120) Present value of plan obligations 436,668 295,147 (691,906) (798,973) The Group contributes to a defined benefit plan that provides retirement benefits for employees upon retirement based on the following: i) 2 months average salary for each year for the first 15 years of working; and ii) 1 month average salary for each year subsequent to 15 years of working. A maximum entitlement for a retired employee is 45 months average salary. The average salary of a retired employee is calculated based on the average 6 months’ salary prior to his retirement date.
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