Green Technology Annual Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 17. LEASE LIABILITIES The Group/ The Company 2019 RM At 1 January: Initial application of MFRS 16 72,831 Interest expense recognised in profit or loss 2,209 Repayment of principal (17,711) Repayment of interest expense (2,209) At 31 December 55,120 2019 RM Analysed by:- Current liability 18,342 Non-current liability 36,778 55,120 The comparative information is not presented as the Group has applied MFRS 16 using the modified retrospective approach. 18. TRADE PAYABLES The normal trade credit terms granted to the Group range from 14 to 30 (2018 - 14 to 30) days. 19. OTHER PAYABLES AND ACCRUALS The Group The Company 2019 RM 2018 RM 2019 RM 2018 RM Other payables 595,098 964,457 573,184 963,096 Accruals 4,153,034 2,420,274 4,136,023 2,403,263 4,748,132 3,384,731 4,709,207 3,366,359 Sales and service tax 215,488 264,525 215,488 264,525 4,963,620 3,649,256 4,924,695 3,630,884 20. AMOUNT OWING TO A RELATED PARTY During the last financial year, the amount owing represented non-trade balances, unsecured payments made on behalf. The amount owing was repayable on demand and was settled in cash. 21. REVENUE The Group/The Company 2019 RM 2018 RM Services rendered 10,556,294 8,857,166 Tesla project – 70,421 10,556,294 8,927,587 124 MALAYSIAN GREEN TECHNOLOGY & CLIMATE CHANGE CENTRE ANNUAL REPORT 2019