Page 159 - ar2010

157

notes to the

financial statements

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (cont’d)

30 PAYABLES

Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000

Non-current

Advances from subsidiaries 0 0 242,754 0

Current

Trade payables 186,690 157,001 0 0 Other payables 97,508 67,552 504 8,638 Accruals 23,249 28,418 3,889 1,203 Amount due to minority shareholders 0 1,529 0 0 Amount due to former ultimate holding corporation 302 344 93 144 Amounts due to subsidiaries 0 0 24,526 250,736 Amounts due to former related companies 358 5,501 50 50 Amounts due to associated companies 0 336 0 0

308,107 260,681 29,062 260,771

Advances given by subsidiaries amounting to RM243 million are unsecured, bearing effective weighted average interest rate of 2.85% per annum and shall be repaid within 7 years.

Amounts due to minority shareholders, former ultimate holding corporation, subsidiaries, associates and other related companies are unsecured, interest free and have no fxed terms of repayment.

Credit terms of trade payables range from 30 to 60 days (2009: 30 to 60 days).

The currency exposure profle of payables is as follows:

Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000

Ringgit Malaysia 295,640 253,663 29,062 260,771 Singapore Dollar 9,530 7,018 0 0 Indonesian Rupiah 2,937 0 0 0

308,107 260,681 29,062 260,771

31 BORROWINGS

Group 2010 2009 RM’000 RM’000

Current

Term loans (secured) 7,988 10,543 Commercial papers (unsecured) 249,000 0 Revolving credits (unsecured)

- Conventional 47,037 43,000 - Al-Amin 50,000 0

97,037 43,000