NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 27. OTHER PAYABLES, DEPOSITS, ACCRUALS AND PROVISION THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Non-Current Non-controlling interest shareholders 20,441 24,510 – – Current Other payables 25,115 44,096 – – Advances from customers 2,424 908 – – Advances from non-controlling interest shareholders 4,500 – – – Goods and services tax payable 1 109 – – Sales and services tax payable 403 6 – – Withholding tax payable 308 380 – – Deposits 13,737 11,673 – – Accruals 144,396 149,379 192 856 Provision 120 179 – – Dividend payables 31,284 25,027 31,284 25,027 Deferred income 1,985 1,279 – – 224,273 233,036 31,476 25,883 The amount owing to non-controlling interest shareholders are unsecured and bears an interest of 5% (2023 – 5%) per annum. The amount owing are to be paid over a period of time and are to be settled in cash. 28. BANK OVERDRAFTS THE GROUP THE COMPANY 2024 2023 2024 2023 % % % % Bank overdrafts 7.20 – 7.45 5.95 – 8.10 – 8.10 The bank overdrafts are secured by the following:- (i) Facilities agreements; (ii) Legal charge over certain development properties and properties of certain subsidiary companies; (iii) Pledge of fixed deposits of the Company and of certain subsidiary companies; (iv) Corporate guarantee on principal sums plus interest thereon by the Company; (v) The Government of Malaysia/Syarikat Jaminan Pembiayaan Perniagaan Berhad under Working Capital Guarantee Scheme; and (vi) A specific debenture over certain charged properties of subsidiaries companies. FINANCIAL STATEMENTS 187 INTEGRATED ANNUAL REPORT 2024
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