162 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 20. DEFERRED TAX LIABILITIES The Group 2024 2023 RM’000 RM’000 Deferred tax liabilities: - accelerated capital allowance on property, plant and equipment 89,233 65,464 Recognised In Profit At Or Loss At 1 January (Note 26) 31 December RM’000 RM’000 RM’000 2024 Deferred tax liabilities: - accelerated capital allowance on property, plant and equipment 65,464 23,769 89,233 2023 Deferred tax liabilities: - accelerated capital allowance on property, plant and equipment 29,634 35,830 65,464 21. TRADE PAYABLES The Group 2024 2023 RM’000 RM’000 Trade payables: - third parties 72,552 40,673 The normal trade credit terms granted to the Group are as follows:- The Group 2024 2023 Days Days Credit terms 30 - 60 30 - 60 Other credit terms are assessed and approved on a case-by-case basis which include back-to-back arrangement i.e. the Group will make payment to the suppliers when its customers, with corresponding back-to-back arrangement, made payment.
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