FGV Audited Financial Statements 2022

168 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 50 PAYABLES Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Non-current liabilities Trade payables - 10,189 - - Current liabilities Trade payables 642,702 323,623 - - Other payables and accruals 1,298,327 1,071,019 68,508 63,950 Provision for litigation loss - 19,802 - - 1,941,029 1,414,444 68,508  63,950 1,941,029 1,424,633 68,508  63,950 Included in other payables and accruals are purchases of raw materials of RM223,000,000 (2021: RM213,000,000) and provision for remediation of recruitment fees amounting to RM112,000,000 (2021: RM Nil) to its existing and former foreign workers. Refer to Note 57 to the financial statements for further details of the provision for compensation of foreign workers. Included in non-current trade payables in the previous financial year was outstanding net present value of minimum lease payment made under finance lease payables. The payables are denominated as follows: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 - Ringgit Malaysia 1,860,342 1,345,509 66,982 58,230 - United States Dollar 55,619 53,689 1,526 5,525 - Indonesian Rupiah 12,140 13,202 - - - Pakistan Rupee 11,550 11,035 - - - Thai Baht 1,353 948 - - - Japanese Yen 25 - - - - Singapore Dollar - 55 - - - Great Britain Pounds - 120 - 120 - Chinese Yuan - 75 - 75 1,941,029 1,424,633 68,508  63,950 The credit terms of trade payables range up to 90 days (2021: up to 90 days). The fair value of the payables approximates their carrying values, as the impact of discounting is not significant.

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