Financial Statements 2022 73 All figures are in A$000's Note 2022 2021 Trade payables* 58,714 57,262 Project accruals 172,962 140,607 Other payables and accruals 18,306 16,050 Payables to other related parties 17 93 102 Payables to associates - Dutco McConnell Dowell (ME) LLC 125 167 Total trade and other payables 250,200 214,188 The ultimate parent of the Group is Aveng Limited (a company incorporated in South Africa). Aveng Limited owns 100% of the issued ordinary shares in Aveng Australia Holdings Pty Ltd. The immediate Australian parent of the Group is Aveng Australia Holdings Pty Ltd. Aveng Australia Holdings Pty Ltd owns 100% of the issued ordinary shares in McConnell Dowell Corporation Limited. * Trade payables are non-interest bearing and are normally settled on 30-45 day terms. Due to the short-term maturity of these payables, their carrying value is assumed to approximate their fair value. There is no collateral provided as security. Information regarding foreign exchange, interest rate and liquidity risk exposure is set out in Note 20. Consolidated 13. Trade and other payables 14. Ultimate parent
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