24. OTHER PAYABLES AND ACCRUALS The Group The Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Other payables 2,337 6,837 349 3,327 Accruals 2,554 2,686 91 284 4,891 9,523 440 3,611 Deposits received 3,070 24 - - 7,961 9,547 440 3,611 Included in the deposits received is an amount of approximately RM3,041,000 (2024 - Nil), representing a security deposit collected from a customer for the chartering of a vessel. 25. CONTRACT LIABILITY The Group 2025 2024 RM’000 RM’000 At 1 January - - Cash received for unfulfilled performance obligations 1,354 - At 31 December 1,354 - (a) The contract liability relates to advances received from a customer for chartering a vessel. The amount will be recognised as revenue when the performance obligations are satisfied. (b) No information is provided for performance obligations that have original expected durations of 1 year or less, as allowed by MFRS 15.121(a). 201 Annual Report 2025
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