CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 168 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 31. TRADE AND OTHER PAYABLES (CONT'D.) (c) Amount due to subsidiaries Amount due to subsidiaries under central cash management accounts is unsecured, repayable on demand and bears interest at rates ranging from 2.88% to 5.31% (2015: 3.16% to 3.47%) per annum. Further details on related party transactions are disclosed in Note 39. 32. OTHER CURRENT LIABILITIES Group 2016 2015 RM’000 RM’000 Progress billings in respect of property development costs 76,519 22,197 Amount due to customers for contracts work (Note 26) 50,264 24,097 126,783 46,294 33. SHARE CAPITAL AND TREASURY SHARES Number of ordinary shares Amount Share capital (Issued and fully paid) Par value Share capital (Issued and fully paid) Group/Company ’000 RM RM’000 At 1 January 2015 1,039,504 0.50 519,752 Exercise of employees’ share options (Note 36(a)) 34,872 0.50 17,436 At 31 December 2015 and 31 December 2016 1,074,376 0.50 537,188 Number of ordinary shares Amount Authorised Par value Group/Company ’000 RM RM’000 At 31 December 2015 and 31 December 2016 2,000,000 0.50 1,000,000