48 PAYABLES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Current Trade payables 364,266 265,328 – – Other payables and accruals 1,696,414 1,031,208 66,131 51,862 2,060,680 1,296,536 66,131 51,862 Included in other payables and accruals for the Group are purchases of raw materials of RM536,000,000 (2023: RM133,000,000) and provision for remediation of recruitment fees amounting to RM30,100,000 (2023: RM34,400,000) to its existing and former foreign workers. The payables are denominated as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 – Ringgit Malaysia 1,879,573 1,220,308 65,560 48,937 – United States Dollar 158,681 48,558 565 2,919 – Indonesian Rupiah 659 1,832 – – – Pakistan Rupee 19,837 21,527 – – – Thai Baht 1,349 2,389 – – – Euro 59 1,883 – – – Others 522 39 6 6 2,060,680 1,296,536 66,131 51,862 The credit terms of trade payables range up to 90 days (2023: up to 90 days). The fair value of the payables approximates their carrying values, as the impact of discounting is not significant. Notes to the Financial Statements For the financial year ended 31 December 2024 171
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