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226
Gamuda Berhad (29579-T) • Annual Report 2012
35. Short term borrowings (cont’d.)
The weighted average effective interest rates for long term and short term borrowings (per annum) as at reporting
date are as follows:
Group
Company
2012
2011
2012
2011
%
%
%
%
Murabahah medium term notes
4.94
4.97
5.07
5.07
Revolving credits, denominated in
- US dollar
1.85
1.77
1.85
1.77
- Ringgit Malaysia
3.88
-
-
-
Commercial papers
3.23
3.30
-
-
Banker’s acceptance
-
3.50
-
-
Term loan
10.59
8.20
-
-
36. Payables
Payables of the Group and of the Company are analysed as follows:
Current
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Trade payables
Trade payables
878,044
503,661
6,735
8,330
Due to associated companies
-
38
-
-
Due to joint venture partners
14,430
53,528
-
-
Retention sums
163,893
142,116
5,057
3,762
Progress billing
375
28,409
-
-
Due to customers on contracts (Note 25)
476,467
610,041
11,735
2,403
1,533,209
1,337,793
23,527
14,495
Other payables
Retirement benefit obligations (Note 31)
1,081
4,152
312
943
Sundry payables
20,504
40,983
5,020
2,144
Accruals
171,915
132,522
27,653
35,516
Advance membership fees
297
468
-
-
Due to associated companies
28
75
-
-
193,825
178,200
32,985
38,603
1,727,034
1,515,993
56,512
53,098
The normal trade credit term granted to the Group and the Company ranges from 30 to 90 days (2011: 30 to 90
days).
The amounts due to associated companies and joint ventures are in respect of advances received for construction
contracts and the amounts are unsecured, interest free and repayable through contra with future progress billings.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012