Dagang NeXchange Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 156 18. LOANS AND BORROWINGS (CONTINUED) 18.6 Reconciliation of movements of liabilities to cash flows arising from financing activities (continued) Proceeds Proceeds Repayment of At from At from borrowing At 1.1.2018 drawdown 31.12.2018 drawdown principal 31.12.2019 Company RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Revolving credits - 18,000 18,000 15,000 (5,000) 28,000 19. TRADE AND OTHER PAYABLES Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Trade Trade payables 29,158 35,695 - - Non-trade Other payables and accrued expenses 19.1 46,880 88,126 2,176 2,428 Interest payable - Borrowing 227 254 120 131 47,107 88,380 2,296 2,559 76,265 124,075 2,296 2,559 19.1 Included in other payables of the Group is an amount of RM1,087,000 (2018: RM3,473,000) for operating and maintaining the VEP & RC system. Included in other payables of the Group is an amount of RM7,499,000 (2018: RM17,373,000) for work done on a submarine telecommunication cable installation, repair and maintenance project. Included in other payables of the Group is an amount of RM10,264,000 (2018: RM16,703,000) owing to related parties, of which are unsecured interest-free advances with no fixed repayment terms. Included in other payables of the Group in the previous financial year was an amount of RM13,647,000 for a maintenance contract. Included in other payables of the Group in the previous financial year was an amount of RM4,116,000 for the subcontract of hardware equipment and ICT facilities project.