annual report - Tenaga Nasional Berhad

Notes To The Financial Statements26 PAYABLESG group Company2008 2007 2008 2007RM’million RM’million RM’million RM’millionTrade payables 3,999.7 3,233.7 3,059.6 2,607.7Accrued interest on borrowings 506.0 470.8 202.6 240.9Payroll liabilities 258.3 163.7 241.8 152.8Deposits 39.7 15.4 35.0 9.8Other payables and accruals 383.7 418.0 195.3 121.55,187.4 4,301.6 3,734.3 3,132.7Credit terms of trade payables of the Group and the Company vary from 30 to 60 days (2007: 30 to 60 days) dependingon the terms of the contracts.27 SHORT TERM BORROWINGSG group Company2008 2007 2008 2007RM’million RM’million RM’million RM’millionPortion of borrowings due withinone financial year (Note 28) – unsecured 653.1 1,727.4 400.9 1,422.7– secured 239.9 215.8 0 0[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]230893.0 1,943.2 400.9 1,422.7Short term loans – secured 140.0 0 0 0– unsecured 5.6 40.0 0 30.0Bankers’ acceptances 19.7 32.3 0 01,058.3 2,015.5 400.9 1,452.7The short term borrowings carry interest at rates ranging from 0.75% to 8.25% (2007: 2.50% to 8.30%) per annum for theGroup and from 0.75% to 6.40% (2007: 2.50% to 8.30%) for the Company. Included in short term borrowings of the Groupare loan stocks held by the Company in a subsidiary company which carries a coupon of 15.00% per annum.