v3.25.2
Trade and Other Payables (Tables)
12 Months Ended
Dec. 31, 2024
Trade and Other Payables [Abstract]  
Schedule of Trade and Other Payables
   As of
December 31,
2023
   As of
December 31,
2024
 
   MYR   MYR   USD 
Non-current:            
Other payables (note(a))   918,274    
    
 
                
Current:               
Trade payables (note (b))   2,403,407    14,089,238    3,152,307 
Other payable and accruals   159,961    1,832,975    410,107 
Wages payable   34,644    200,235    44,800 
Interest payable of RCPS (note (c))   100,648    1,072,266    239,908 
Subtotal   2,698,660    17,194,714    3,847,122 
Total trade and other payables (note (d))   3,616,934    17,194,714    3,847,122 
(a) The Group received advance payments for AI RCPS subscription with 2 years maturity period in December 2023 amounted to MYR 918,274 where the registration and issuance of the RCPS was completed in January 2024.

 

(b) An aging analysis of the trade payables as of December 31, 2023 and 2024 are as follows:
(c) The interest payable of RCPS is calculated based on the weighted average principal of RCPS and the related effective interest rate. AG RCPS bear an effective interest rate of 10.0% and AI RCPS bear an effective interest rate of 14.0% (note 13).

 

(d) Except for advances received for redeemable convertible preference shares, all the trade and other payables classified as current are expected to be settled within one year or are repayable on demand.
Schedule of Aging Analysis of Trade Payables (b)An aging analysis of the trade payables as of December 31, 2023 and 2024 are as follows:
   As of
December 31,
2023
   As of
December 31,
2024
 
   MYR   MYR   USD 
Within 3 months   2,064,639    13,892,154    3,108,212 
More than 3 months but within 6 months   50,000    1,226    274 
More than 6 months but within 1 year   288,768    139,580    31,229 
More than 1 year   
    56,278    12,592 
Total trade payables   2,403,407    14,089,238    3,152,307