Page 360 - MSM_AIR2021

358 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

33 PAYABLES
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Current liabilities:
Trade payables 5,339 5,905 - -
Other payables 59,321 43,205 4,119 210
Accruals 232,846 99,809 2,401 2,318
Unpaid balance for acquisition of
property, plant and equipment (Note 36) 3,728 8,172 - -
Total payables 301,234 157,091 6,520 2,528
Trade payables carry credit periods between 30 to 60 days (2020: 30 to 60 days).
The fair value of the payables approximates their carrying value, as the impact of discounting is not significant.

The payables are denominated as follows:
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000
- Ringgit Malaysia 300,863 151,634 6,520 2,528
- United States Dollar 371 5,141 - -
- Pound Sterling - 316 - -
301,234 157,091 6,520 2,528