CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 166 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 30. LOANS AND BORROWINGS (CONT'D.) (b) The interest rates of the Group and Company were as follows: Group Company 2016 2015 2016 2015 % % % % Bankers’ acceptances 3.50 to 3.95 3.68 to 4.95 - - Revolving credits 4.53 to 5.80 4.80 to 5.35 4.53 to 4.58 - Term loans 4.58 to 4.84 3.68 to 4.90 - - (c) The shareholders’ loan is charged interest at 5% (2015: 5%) per annum and is repayable from June 2014 to June 2018. 31. TRADE AND OTHER PAYABLES Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Current Trade payables Third parties 268,822 304,655 - - Deposits payable 1,626 949 - - Retention sums on construction contracts (Note 26) 12,411 8,907 - - Amount due to joint ventures 6,345 4,000 - - 289,204 318,511 - - Other payables Sundry payables 52,703 70,722 1,220 4,141 Accrued operating expenses 30,230 49,232 877 900 Amount due to subsidiaries under - Central cash management accounts - - 993,014 815,933 - Current accounts - - 1,563 - Amount due to joint ventures 3,890 3,043 - - Deposits payable 5,812 2,896 - - Interest payable 327 205 75 - Land premium payable 7,848 25,129 - - Retention monies 5,043 4,994 - - 105,853 156,221 996,749 820,974 395,057 474,732 996,749 820,974