2018 UEM Edgenta Annual Report

31. TRADE AND OTHER PAYABLES (CONT’D.) Company 2018 2017 RM’000 RM’000 Current Other payables Accruals 2,669 13,064 Sundry payables 15,626 4,162 Due to holding company (Note c) 26,173 17,948 Due to related companies (Note c) 6,402 20,780 Deferred consideration payable (Note d) 8,691 8,606 Total 59,561 64,560 Non-current Other payables Loan from a subsidiary (Note e) 93,976 – Deferred consideration payable (Note d) – 9,331 Total 93,976 9,331 (a) Trade payables Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from 30 to 90 days (2017: 30 to 90 days). (b) Retention payables Retention payables are unsecured, interest-free and are expected to be paid within the terms of the relevant contracts. (c) Amounts due to holding and related companies Related companies refer to companies within the UEM group of companies. Amounts due to holding and related companies are non-interest bearing and are repayable on demand. The amounts are unsecured and are to be settled in cash. Further details on related party transactions are disclosed in Note 40. (d) Deferred consideration payable Group and Company 2018 2017 RM’000 RM’000 At 1 January 17,937 25,023 Accretion of interest on deferred consideration payable (Note 6) 99 2,120 Reversal of deferred consideration payable (Note 5) (9,345) (5,806) Payment – (3,400) At 31 December 8,691 17,937 Deferred consideration payable as at current reporting date arose from the acquisition of KFM group in 2016, which is contingent on certain integration criteria being met. (e) Loan from a subsidiary Loan from a subsidiary bears interest at 4.75% per annum, unsecured and is expected to be settled in cash in 2020 onwards. Financial Review Stakeholder Information AGM Information 225 Governance Review of Sustainability Activities