27. TRADE AND OTHER PAYABLES (CONTINUED) Non-trade amounts due from ultimate shareholders are unsecured, bears interest rate of 6.5% (2023: 6.25% to 6.5%) per annum and has no fixed repayment terms and is repayable only when the cashflows of the subsidiary permit. Trade and non-trade payables to third parties are unsecured, non-interest bearing and generally on 30 to 60 (2023: 30 to 60) days credit terms. Non-trade amount due to associates, a joint venture, a director and non-controlling interest of subsidiary is unsecured, non-interest bearing and repayable on demand. The provision for corporate guarantees is related to corporate guarantees to bank for borrowings of an associate. These guarantees qualify as financial guarantees because the Group and the Company is required to reimburse the banks in the event of breach of any repayment term. Trade and other payables are denominated in the following currencies: Group Company 2024 2023 2022 2024 2023 $’000 $’000 $’000 $’000 $’000 (Restated) (Restated) Singapore dollar 96,489 76,137 83,861 14,382 13,847 United States dollar 609 854 14 – – Japanese yen – 1,130 1,518 – – 97,098 78,121 85,393 14,382 13,847 28. BANK BORROWINGS Group 2024 2023 $’000 $’000 Non-current liabilities Secured – Term loan II 4,353 5,769 – Term loan III – 432 4,353 6,201 Current liabilities Secured – Term loan I – 16,000 – Term loan II 9,423 3,437 – Term loan III 432 422 9,855 19,859 Total bank borrowings 14,208 26,060 117 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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