198 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 26. Trade and other payables (cont'd) (a) Trade payables (b) Other payables (c) Amounts due to subsidiaries (d) Amounts due to joint ventures (e) Amount due to corporate shareholder of a subsidiary (f) Amounts due to former shareholders of a subsidiary (g) Amount due to director of a subsidiary The amount due to corporate shareholder of a subsidiary is unsecured, bears interest ranging from 5.20% to 8.06% (2024: 6.44% to 7.93%) per annum and is repayable on demand. The amounts due to joint ventures are unsecured, non-interest bearing and are repayable on demand. The amount due to director of a subsidiary is unsecured, bears interest ranging from 7.85% to 7.95% per annum and is repayable on demand. The amounts due to former shareholders of Pinegate Development Sdn. Bhd. (“PDSB”) are unsecured and non-interest bearing. These amounts are due to be repaid in instalments from 2026 to 2027 (2024: 2025 to 2027). These amounts are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate of 4.48% per annum. These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 days (2024: 30 to 90 days) terms. Other payables due to third parties are non-interest bearing and are normally settled on 30 to 60 days (2024: 30 to 60 days) terms. The amounts due to subsidiaries are unsecured, bear interest at 6.39% (2024: 6.30%) per annum and repayable on demand. - 78 -
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