ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the nine-month period ended 30 September 2024 (continued) 12. Borrowings (continued) On 26 October 2022, the Company refinanced its maturing term loan originally taken in November 2017 for another 5-year term with a set of lenders. The Company also entered into a new corporate revolving credit facilities agreement with the Parent Company for an amount of USD 375,000 thousand and AED 1,377,188 thousand to be used for general corporate purposes. The transaction costs allocated to the revolving facility have been capitalised and will be amortised on a straight-line basis over the term of the agreement. Transaction costs amounting to AED 8,493 thousand (31 December 2023: AED 10,558 thousand) are presented as other non-current assets. The new term loan facility carries a variable interest at Secured Overnight Financing Rate (SOFR) plus a margin of 0.85% for USD denominated facility portion and EIBOR plus a margin of 0.60% for AED denominated facility portion. During the period, the Group’s subsidiary in Egypt entered into an unsecured credit facility for EGP 1,000,000 thousand with a tenure of 120 days from drawdown date. The purpose of the facility is to finance payments to local suppliers and working capital requirements. As of 30 September, an amount of EGP 920,000 thousand (AED 69,920 thousand) was drawn down from this facility. The Facility carries -0.5% over lending corridor per annum. 13. Trade and other payables 30 September 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Trade payables 687,477 583,141 Capital accruals 418,391 610,117 Operating accruals 101,537 289,098 VAT payable 310,178 317,956 Coupon and prepaid card sales outstanding 125,217 114,831 Contract retentions payable 157,219 122,535 Advances from customers 58,876 67,539 Dividend payable 1,285,625 31,622 Other payables 634,826 404,516 3,779,346 2,541,355 14. Provision for decommissioning The provision for decommissioning obligation is with respect to the dismantling obligation regarding the service stations built on leased lands in Dubai and Northern Emirates. 30 September 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Balance at beginning of the period/year 149,362 134,532 Additions during the period/year 1,572 9,394 Accretion of interest 4,503 5,436 Exchange differences (598) - 154,839 149,362 19