33. TRADE AND OTHER PAYABLES (CONT’D.) (b) Other payables (cont’d.) (ii) Sinking fund reserves (cont’d.) Sinking fund of the Group is established for the purpose of covering periodic major repairs or capital replacements costs in the golf and country resort of the Group. A fraction of 10% of monthly subscription fees received from members during the year are credited to this reserve. (iii) Amounts due to subsidiaries, non-controlling interests and joint venture Amounts due to subsidiaries, non-controlling interests and joint venture are mainly unsecured, non-interest bearing and repayable on demand. (iv) Other payables Other payables are mainly unsecured, non-interest bearing and have no fixed terms of repayment. (v) Amounts due to shareholders Amounts due to shareholders are mainly unsecured, non-interest bearing and repayable on demand. (c) Provisions The movements in provisions are as follows: Provision for development costs (i) RM’000 Provision for foreseeable losses (ii) RM’000 Total RM’000 Group At 1 January 2025 109,987 89,417 199,404 Provision during the financial year 28,753 5,875 34,628 Reversal of provision during the financial year (16,149) (2,094) (18,243) Utilised during the financial year (15,551) - (15,551) At 31 December 2025 107,040 93,198 200,238 At 1 January 2024 104,907 86,192 191,099 Provision during the financial year 23,437 17,038 40,475 Reversal of provision during the financial year (8,249) (13,813) (22,062) Utilised during the financial year (10,108) - (10,108) At 31 December 2024 109,987 89,417 199,404 355
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