192 Annual Report 2021 30. PAYABLES AND ACCRUALS The Group The Company 2021 2020 2021 2020 Note RM RM RM RM Non-current Landowners’ entitlement (a) 372,950,385 328,358,787 - - Retention sum payable to subcontractors after one year 22,762,927 20,248,775 - - 395,713,312 348,607,562 - - Current Trade Trade payables (b) 276,136,500 285,540,587 - - Landowners’ entitlement (a) 118,665,156 88,132,141 - - Retention sum payable to subcontractors within one year 34,220,983 35,931,408 - - Non-trade Amount due to subsidiaries (c) - - 72,200 13,250 Other payables (d) 61,914,472 60,853,770 24,820 12,508 Deposits received (e) 10,603,467 11,500,996 - - Advances from customers - 221,526 - - Accruals (f) 36,710,564 21,991,828 503,491 686,282 538,251,142 504,172,256 600,511 712,040 (a) These are in respect of payable for landowners’ entitlement under deferred payment term pursuant to the joint land development agreements and joint venture agreements entered into with the landowners. Pursuant to the said agreements, the entitlements are determined based on the agreed percentage on the total development units and/or total gross development value net of trade discount, where applicable, of the property development projects. These deferred payables are measured at amortised cost at imputed interest rates ranging from 4.51% to 10.00% (2020: 5.56% to 10.00%) per annum. (b) The normal trade credit term granted to the Group ranges from 7 to 90 days (2020: 7 to 90 days) unless as specified in the agreements. I ncluded in trade payables is amount due to an associate of the Group of RM30,661,731 (2020: RM19,030,445) including retention sums of RM8,296,019 (2020: RM6,460,637). (c) Amount due to subsidiaries of the Company is unsecured, interest-free and is repayable on demand. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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