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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
29. Trade and other payables
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Current
Trade payables
Third parties 50,734 53,369 29,157 35,735
Subsidiaries – – 11,763 20,597
50,734 53,369 40,920 56,332
Other payables
Third parties 85,692 72,418 11,814 12,740
Holding company 47 109 47 109
Subsidiaries – – 64 2,667
Jointly controlled entity 29,166 – 29,166 –
114,905 72,527 41,091 15,516
Accruals 13,337 20,279 5,757 12,636
128,242 92,806 46,848 28,152
Total trade and other payables 178,976 146,175 87,768 84,484
Add: Loans and borrowings (Note 28) 563,453 701,040 494,451 612,961
Total financial liabilities carried at amortised cost 742,429 847,215 582,219 697,445
(a) Trade payables - third parties
Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from cash
payment to 90 days.
(b) Other payables - third parties
Other payables are non-interest bearing and the normal credit terms granted to the Group range from cash payment to
90 days.
(c) Amount due to holding company
Amount due to holding company is non-interest bearing and are repayable on demand. This amount is unsecured and
is to be settled in cash.
Further details on related party transactions are disclosed in Note 37.
Other information on financial risks of payables are disclosed in Note 38.
(d) Amount due to subsidiaries
Amount due to subsidiaries are non-interest bearing and are repayable on demand. These amounts are unsecured and
are to be settled in cash.
Further details on related party transactions are disclosed in Note 37.
Other information on financial risks of payables are disclosed in Note 38.
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 139