FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 301 50 PAYABLES Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Trade payables 468,737 27,507 - - Other payables and accruals 879,526 321,181 19,705 32,235 Amount due to customer on contracts (Note 51) 921 - - - 1,349,184 348,688 19,705 32,235 Included in other payables are retention monies amounting to RM17,727,000 (2012: RM10,852,000), which are contractually due within the next 1 to 12 months (2012: 1 to 12 months) and deposit received for the sale of land in Kukup, Johor amounting to RM24,780,000 (2012: nil) (Note 35). The payables are denominated as follows: Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 - Ringgit Malaysia 1,048,289 304,301 19,705 32,235 - United States Dollar 266,047 21,873 - - - Canadian Dollar 25,695 22,211 - - - Thai Baht 3,059 - - - - Pakistan Rupee 1,386 - - - - Indonesian Rupiah 4,568 303 - - - Others 140 - - - 1,349,184 348,688 19,705 32,235 The credit terms of trade payables range up to 95 days (2012: up to 60 days). The fair value of the payables equal their carrying value, as the impact of discounting is not significant. 51 CONSTRUCTION CONTRACTS Group 2013 RM’000 Cost incurred to date 40,155 Attributable profits less foreseeable losses 4,818 44,973 Less: Progress billings (40,256) 4,717 Amounts due from customers on contracts (Note 27) 5,638 Amounts due to customers on contracts (Note 50) (921) 4,717