Page 206 - KWAP_Integrated-Report_2023

enricHing national Progress ENRICHING SUSTAINABLE RETURNS

notes to tHe financial statements

for the year ended 31 december 2023

23. TRADE PAYABLES

Group KWAP
31 December 31 December 31 December 31 December
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000

deposits on property 13,333 - 13,333 -
amount due to private equity funds 131,859 27,478 131,859 27,478
trade creditors 23,537 2,395,459 10,031 2,344,283
168,729 2,422,937 155,223 2,371,761

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 2023, there was no repurchase agreements (2022: 2.40% to 3.48%) that are set to mature within
90 days.

24. OTHER PAYABLES AND ACCRUALS

Group KWAP
31 December 31 December 31 December 31 December
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000

sales and service tax (“sst”) payable 496 473 442 419
Withholding tax payable 1,832 1,302 1,832 1,302
amount due to subsidiaries - - 36,656 58,915
provision for bonus 52,460 44,840 52,460 44,840
provision for services 25,960 18,770 25,960 18,770
provision for external managers fees 22,123 8,677 22,123 8,677
provision for custodian fees 1,353 995 1,353 995
provision for tax 852 654 - -
other payables and accruals 205,973 234,847 5,797 3,428
311,049 310,558 146,623 137,346

204 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INTEGRATED REPORT 2023