Content2011 - PETRONAS Gas Berhad

Notes to the Financial Statements
31 MarCh 2011
17. Deferred Income
168 petronas gas berhad (101671-h)
Note 2011 2010
Group/Company RM’000 RM’000
At 1 April 16,337 19,438
Addition 1,830 –
Less: Recognised in the statement of comprehensive income (3,761) (3,101)
At 31 March 14,406 16,337
Analysis of deferred income:
Current 18 2,469 2,740
Non-current 11,937 13,597
14,406 16,337
Deferred income mainly refers to the payment received in advance from third party, related companies and related parties for the rights
given to these parties to use the Company’s property, plant and equipment over a period of time. The deferred income is recognised on a
time apportionment basis over the period.
18. Trade and Other Payables
Group Company
Note 2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Trade payables 18.1 184 154 184 154
Other payables and accruals 18.2 321,254 182,223 309,634 181,267
Amount due to related companies 18.3 14,441 7,861 14,441 7,861
Advance from minority shareholder 18.4 1,682 9,252 – –
Deferred income 17 2,469 2,740 2,469 2,740
340,030 202,230 326,728 192,022
18.1 The credit period granted to the Company is 30 days (2010 - 30 days).
18.2 Included in other payables and accruals are amounts owing to suppliers and contractors for purchase of property, plant and equipment
of approximately RM250,771,000 (2010 - RM167,750,000) for the Group and RM237,004,000 (2010 - RM164,985,000) for the
Company. Also included in other payables are interest payable of RM3,835,000 (2010 - RM3,700,000).
18.3 The amounts due to related companies are non-trade in nature. These payables arose from the normal course of business.
18.4 The advance from minority shareholder relates to capital contribution which will be converted to ordinary share capital, upon obtaining
necessary approvals from shareholders of KPSB.