NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 26. TRADE PAYABLES AND CONTRACT LIABILITIES THE GROUP 2023 RM’000 2022 RM’000 Trade payables 61,940 65,248 Retention sum 6,162 5,719 Contract liabilities in relation to property development (Note 16) 40,485 86,125 Contract liabilities in relation to clubhouse membership (Note 16) - 2,954 Accruals 36,258 9,999 Provision 4,318 4,318 149,163 174,363 The normal trade credit terms granted to the Group range from 30 days to 60 days (2022 – 30 days to 60 days). Other credit terms are granted to the Group on a case-by-case basis. 27. OTHER PAYABLES, DEPOSITS, ACCRUALS AND PROVISION THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Non-Current Non-controlling interest shareholders 24,510 22,148 - - Current Other payables 44,096 42,538 - - Advances from customers 908 906 - - Goods and services tax payable 109 1 - - Sales and services tax payable 6 8 - - Withholding tax payable 380 190 - - Deposits 11,673 12,056 - - Accruals 149,379 149,529 856 1,394 Provision 179 190 - - Dividend payables 25,027 31,284 25,027 31,284 Deferred income 1,279 1,236 - - 233,036 237,938 25,883 32,678 The amount owing to non-controlling interest shareholders is unsecured and bears an interest of 5% (2022 – 5%) per annum. The amount owing is to be paid over a period of time and are to be settled in cash. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 200 FINANCIAL STATEMENTS
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