219 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD 20. TRADE PAYABLES Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Third parties 4,728 10,879 - - The normal credit term on trade payables ranging from 7 to 60 days (2024: 7 to 60 days). 21. CONTRACT LIABILITIES Group 2025 2024 RM’000 RM’000 Contract liabilities - Unredeemed golf lessons and vouchers 1,686 1,084 - Unredeemed membership points 1,367 2,095 - Customer deposits and advance billing for golf events and activities 37 98 3,090 3,277 The contract liabilities relate primarily to the unredeemed golf lessons and vouchers, unredeemed membership points, customer deposits and advance billing for golf events and activities. The amount will be recognised as revenue after the golf lessons and vouchers, membership points are redeemed by customers and golf events and activities have been held respectively, which are expected to occur over the next 12 months.
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