33. TRADE AND OTHER PAYABLES (CONT’D.) (a) Trade payables (i) Trade payables (non-current) This amount relates to the vendor’s entitlement payable by subsidiaries arising from the acquisition of land over the period of the development projects, which is approximately 4 to 16 years. (ii) Trade payables (current) The normal trade credit term granted to the Group ranges from 30 to 90 days (2024: 30 to 90 days) from the date of invoice and progress claim. The retention sum is repayable upon expiry of the defect liability period of 12 to 18 months (2024: 12 to 18 months). (b) Other payables (i) Security retainers Security retainers are funds collected from members of the golf and country resort of the Group who joined prior to January 1993. These security retainers are refundable to the members on cessation of membership, i.e., upon the expiry of the term of the membership license on 9 October 2051 or upon revocation (i.e., termination of the membership at its discretion at any time before the expiry date). Group 2025 RM’000 2024 RM’000 At 1 January 3,165 2,975 Unwinding of discount (Note 8) 261 740 Termination (10) (550) At 31 December 3,416 3,165 (ii) Sinking fund reserves Group 2025 RM’000 2024 RM’000 At 1 January 12,542 11,210 Additions 1,857 2,104 Claims made during the financial year (4,575) (772) At 31 December 9,824 12,542 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 354
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