23. TRADE AND OTHER PAYABLES Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Non-current Trade payables 1 173 – – Other payables 11,150 31,573 – – Accruals 3,059 3,954 – – Interest payables 161,900 100,356 – – Liabilities on put options granted to non-controlling interests 214,737 1,057,572 – – 390,847 1,193,628 – – Deposits 63,375 61,377 – – 454,222 1,255,005 – – Current Trade payables 1,946,780 1,742,850 – – Other payables 644,850 488,206 1,796 2,311 Non-trade amounts due to: − Subsidiaries – – 1,028 1,353 − Associates – 660 – – − Joint ventures – 263 – – Accruals 1,274,928 1,181,526 19,790 21,097 Interest payables 52,216 22,683 – – Provision for loan taken by a joint venture 38,757 47,688 – – Liabilities on put options granted to non-controlling interests 816,941 535,093 – – 4,774,472 4,018,969 22,614 24,761 Deposits and rental advance billings 173,432 185,763 – – Contract liabilities 3,831 3,738 – – 4,951,735 4,208,470 22,614 24,761 Amounts due to subsidiaries are unsecured, interest-free and are repayable on demand. Contract liabilities Contract liabilities mainly relate to considerations received/receivable from students for education services. Revenue from educational services is recognised over the course semester. The contract liabilities are recognised as revenue over a period of 30 to 270 days when the services are rendered. Significant changes to contract liabilities balance during the year are as follows: Group 2023 2022 RM’000 RM’000 Contract liabilities at the beginning of the period recognised as revenue 3,738 78,942 Annual Report 2023 187
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