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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
32. Trade and other payables
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Trade payables
12,788
70,744
123
56
Other payables
Accruals
15,483
8,638
1,623
1,291
Deposits
481
208
87
85
Receipt in advance
1,144
1,644
-
-
Sundry payables
35,924
31,225
-
-
53,032
41,715
1,710
1,376
Total trade and other payables
65,820
112,459
1,833
1,432
33. Provisions
Group
2018
2017
RM’000
RM’000
Provision for warranty (Note (a))
9,961
14,827
Provision for compensation claim (Note (b))
2,120
2,120
12,081
16,947
(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.
Group
2018
2017
RM’000
RM’000
As at 1 April 2017/16
14,827
17,114
Reversal of provision
(6,138)
(5,829)
Charge for the year
1,272
3,542
As at 31 March
9,961
14,827
(b)
Provision for compensation claim is for a tenant’s renovation costs and general damages arising from an
early termination of a tenancy agreement by a subsidiary of the Company, Fima Corporation Berhad (“FCB”).
On 27 September 2011, the Court of Appeal had allowed FCB appeal against the decision handed down by the High
Court in favour of the tenant and directed that the matter be remitted back to the High Court for a full trial. There has
been no development since then.