144 MEGACHEM LIMITED Notes to The Financial Statements 31 December 2024 26. Trade and other payables Group Company 2024 2023 2024 2023 $ $ $ $ Trade payables: Non-related parties 6,307,974 7,070,787 2,603,229 2,764,395 Associate 7,285 3,353 – 3,353 Subsidiaries – – 263,001 715,087 Trade payables – subtotal 6,315,259 7,074,140 2,866,230 3,482,835 Other payables: Associates 15,551 7,908 12,672 5,119 Subsidiaries – – 64,026 390,584 Loans from subsidiary – – 523,904 1,419,108 Advance receipts from customers 213,690 73,535 8,758 17,676 Advance receipts from a subsidiary – – 141,486 487,085 Accrued liabilities 6,468,504 6,165,744 3,469,215 2,803,572 Other payables 1,935,134 1,844,475 847,693 933,836 Other payables – subtotal 8,632,879 8,091,662 5,067,754 6,056,980 Total trade and other payables 14,948,138 15,165,802 7,933,984 9,539,815 The non-trade amounts due to subsidiaries and associate are unsecured, interest-free and are repayable on demand. The loans from subsidiary are unsecured, bear interest at range of 7.4% to 8.1% (2023: 7.4% to 8.3%) per annum and are repayable on demand. 27. Lease liabilities Group Company 2024 2023 2024 2023 $ $ $ $ Current: Finance lease liabilities 126,675 77,357 126,675 77,357 Other lease liabilities 235,676 173,744 17,118 16,285 Sub-total 362,351 251,101 143,793 93,642 Non-current: Finance lease liabilities 403,460 304,195 403,460 304,195 Other lease liabilities 2,341,985 2,342,897 1,070,391 1,087,510 Sub-total 2,745,445 2,647,092 1,473,851 1,391,705 3,107,796 2,898,193 1,617,644 1,485,347
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