163 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 22. OTHER PAYABLES AND ACCRUALS The Group The Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Other payables 6,837 115,051 3,327 522 Accruals 2,686 5,476 284 63 Deposits received 24 24 - - Dividend payable - 50 - - 9,547 120,601 3,611 585 Analysed by:- Current liabilities 9,547 32,346 3,611 585 Non-current liabilities - 88,255 - - 9,547 120,601 3,611 585 (a) Included in the other payables at the end of the previous reporting period was an amount of approximately RM70,465,000, bearing interest of 5.50% per annum, outstanding to Azulite Bloom Sdn Bhd (“Azulite Bloom”) in relation to purchase of a vessel, Keyfield Wisdom. The amount owing was secured by the respective vessel as disclosed in Note 7(c) to the financial statements and was fully repaid during the financial year. (b) Included in the other payables at the end of the previous reporting period was an amount of approximately RM42,144,000, bearing interest of 5.50% per annum, outstanding to Sea Steel Sdn Bhd (“Sea Steel”) in relation to purchase of a vessel, Keyfield Helms 1. The amount owing was secured by the respective vessel as disclosed in Note 7(c) to the financial statements and was fully repaid during the financial year. 23. ISLAMIC MEDIUM TERM NOTES (“IMTN”) The Group The Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 IMTN At 1 January - - - - Issued during the financial year 200,000 - 200,000 - Transaction costs capitalised (3,345) - (3,345) - At 31 December 196,655 - 196,655 - (a) On 23 October 2024, the Company established an Islamic medium term notes (“Sukuk Wakalah”) programme of up to RM1 billion in nominal value under the Shariah principle of Wakalah Bi-AlIstithmar with a tenure of up to 30 years as disclosed in Note 36(f) to the financial statements. (b) On 26 December 2024, the Company made its first issuance of RM200 million in nominal value under the Sukuk Wakalah programme, comprising two tranches of RM100 million each, with tenure of 3 and 5 years, respectively.
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