Page 202 - KWAP_AR2022

200 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

22. TRADE PAYABLES

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000

amount due to private equity funds 27,478 1,537 27,478 1,537
trade creditors 2,395,459 62,302 2,344,283 30,207
2,422,937 63,839 2,371,761 31,744

all trade payables, excluding repurchase agreements, are interest free with the normal trade credit terms ranging from
30 to 90 days granted to the group and KWap.

as at 31 december 2022, included as trade payables were repurchase agreements, subject to interest rates ranging
from 2.40% to 3.48% (2021: nil) and set to mature within 90 days.

23. OTHER PAYABLES AND ACCRUALS

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000
goods and service tax (gst) payable - 1,751 - -
sales and service tax (sst) payable 473 362 419 306
Withholding tax payable 1,302 1,850 1,302 890
amount due to subsidiaries - - 58,915 51,988
provision for bonus 44,840 43,465 44,840 42,465
provision for services 18,770 15,017 18,770 15,017
provision for external managers fees 8,677 18,124 8,677 18,124
provision for custodian fees 995 1,279 995 1,279
provision for tax 654 9,723 - -
other payables and accruals 234,847 213,632 3,428 3,064
310,558 305,203 137,346 133,133