237 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 33. TRADE AND OTHER PAYABLES (Contd.) Group Company Note 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Non-current Trade payables Retention sum on contracts (e) 2,801 2,340 - - Amounts due to related parties (d) - 1,827 - - 2,801 4,167 - - Non-trade payables Other payables 126 954 - - Total non-current payables 2,927 5,121 - - Total trade and other payables 442,428 318,406 20,232 12,692 Add: Loans and borrowings 31 1,099,243 1,044,336 - - Add: Service concession obligations 34 372,781 678,601 - - Add: Consumer deposits 35 258,754 251,063 - - Total financial liabilities carried at amortised cost 2,173,206 2,292,406 20,232 12,692 (a) Trade payables - current Credit terms of trade payables granted to the Group vary from 30 to 365 days (2021: 30 to 365 days). (b) Amount due to Badan Kawalsedia Air Johor (“BAKAJ”) Amount due to BAKAJ represents purchase of raw water which is trade in nature, unsecured, interest-free and expected to be paid within one year. (c) Amount due to PAAB Amount due to PAAB represents lease rental relating to previous operating periods payable to PAAB. It is trade in nature, unsecured and interest-free. (d) Amounts due to related parties, associates and subsidiaries Amounts due to related parties, associates and subsidiaries are unsecured, interest free and repayable on demand. (e) Retention sums on contracts Retention sums on contracts are payable upon the expiry of the defects liability period of the construction contracts. Retention sums are unsecured, interest-free and are expected to be paid within 2 to 5 years. (f) Deposits received The amounts include refundable deposits received from developers on reticulation works, deposits received from contractors for their performance bonds which are refundable upon completion of work, and deposits received from consumers on water meter testing refundable in the event the water meter is faulty. These deposits are unsecured, non-interest bearing and refundable within one year.
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