26. OTHER RESERVES (CONTINUED) Fair value reserve Fair value reserve represents the cumulative fair value changes, net of tax, of financial asset until it is disposed of. Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) At beginning of financial year 28,192 28,841 19,133 (4,350) (4,410) Fair value changes recognised in other comprehensive income (90) (649) 9,708 (90) 60 At end of financial year 28,102 28,192 28,841 (4,440) (4,350) 27. TRADE AND OTHER PAYABLES Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Non-current Trade payables – accrued subcontractor expenses 4,886 3,651 1,894 – – Non-trade payables – Loan from ultimate shareholders 12,750 12,750 12,750 12,750 12,750 17,636 16,401 14,644 12,750 12,750 Current Trade payables – third parties 17,039 9,904 15,985 – – – accrued subcontractor expenses 51,698 45,100 45,952 – – 68,737 55,004 61,937 – – Non-trade payables – third parties 2,486 947 67 – – – due to associates 1,280 – – – – – due to a joint venture 1,400 – – – – – due to a director and non-controlling interest of a subsidiary – – 2,422 – – Rental deposits 10 – 699 – – Accrued operating expenses 3,571 3,251 4,390 738 390 Corporate guarantee liability 894 707 912 894 707 Goods and Services Tax payable 1,084 1,811 322 – – 79,462 61,720 70,749 1,632 1,097 Total 97,098 78,121 85,393 14,382 13,847 116 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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