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Fima Corporation Berhad
(21185-P)
financial statements
150
NOTES TO THE FINANCIAL STATEMENTS
29. TRADE AND OTHER PAYABLES
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Current
Trade Payables
Third parties
62,216
33,960
16
-
Other Payables
Tenants’ rental deposits
913
960
904
960
Accruals and other liabilities
8,113
5,331
364
380
Provision for bonus
3,455
3,105
345
345
Receipts in advance
1,644
951
-
-
Others
6,420
5,391
-
-
20,545
15,738
1,613
1,685
Total Trade and Other Payables
82,761
49,698
1,629
1,685
(a) Trade Payables
These amounts are non-interest bearing. Trade payables are normally settled on 30 to 90 days (2016: 30 to 90 days) term.
30. PROVISIONS
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Provision for warranty
14,827
17,114
-
-
Provision for compensation claim
2,120
2,120
2,120
2,120
16,947
19,234
2,120
2,120
(a)
Provision for warranty is based on current volumes of products sold still under warranty and on historic quality rates as well
as estimates and assumptions regarding future quality rates for new products.