CAHYA MATA SARAWAK ANNUAL REPORT 2016

167 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 31. TRADE AND OTHER PAYABLES (CONT'D.) Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Non-current Trade payables Deposit payable 23 746 - - Other payables Land premium payable 84,340 169,367 - - 84,363 170,113 - - Total trade and other payables (current and non-current) 479,420 644,845 996,749 820,974 Add: Loans and borrowings (Note 30) 247,956 163,678 35,000 - Total financial liabilities carried at amortised cost 727,376 808,523 1,031,749 820,974 (a) Trade payables Trade payables, inclusive of amount due to joint ventures, are non-interest bearing and the normal trade credit terms granted to the Group range from one month to four months (2015: one month to four months). (b) Land premium payable Included in the Group’s land premium payable (current and non-current) is an amount of RM84,076,531 (2015: RM178,537,742) relating to the acquisition of land held for property development by a subsidiary and is payable by 2024. Included there is another amount of RM8,110,980 (2015: RM15,958,563) relating to other parcels of leasehold land acquired by subsidiaries which are payable by 2018. These amounts are unsecured and bear interest at rates ranging between 5.22% to 6.38% (2015: 5.22% to 6.38%) per annum. These payables are due as follows: Group 2016 2015 RM’000 RM’000 Repayable within one year 7,848 25,129 More than one year and less than five years 18,394 84,709 More than five years 65,946 84,658 92,188 194,496