2009 - TDM Berhad

TDM Berhad (6265-P) 107Notes to the Financial Statements21. Borrowings (cont’d.)GroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Total borrowingsBank overdrafts (Note 20) 545 1,188 – 641Term loans 922 1,109 – –Trust receipts and bankers’ acceptances 1,422 1,246 – –Hire purchase payables (Note 29) 3,096 2,682 233 3315,985 6,225 233 972The term loan is secured by a fi rst legal charge over the buildings of a subsidiary. The carrying amount of buildings pledged as securities isRM3,959,000 (2008: RM4,252,000).22. Trade PayablesGroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Trade payables 83,989 109,507 78 19Deferred revenue (due within 12 months) 6,000 34,500 – –89,989 144,007 78 19Deferred revenue (due after 12 months) – 3,500 – –89,989 147,507 78 19The deferred revenue relates to a long term sales contract to supply crude unbleached palm oil in bulk to Cargill Palm Product Sdn. Bhd.The fi rst tranche contract of RM170 million and the second tranche contract of RM50 million are to be fulfi lled over a 5 year period from1 April 2004 until 31 March 2009, and a 4 year period from 1 April 2006 until 31 March 2010 respectively, during which period, the Companyhas given a bank guarantee to ensure it fulfi lls its part of the obligation. The deferred revenue is amortised over the contract period basedon quantity of crude unbleached palm oil supplied.Trade payables are non-interest bearing and the normal trade credit terms granted to the Group are up to one month.