39 All figures are in A$000's Note 2025 2024 Trade payables* 106,228 113,594 Project accruals 195,053 294,237 Other payables and accruals 23,228 34,820 Payables to other related parties 17 17 198 Payables to associates 41 41 Total trade and other payables 324,567 442,890 The ultimate parent of the Group is Aveng Limited (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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