MOZ mosaic brands limited

i was really concerned with thier payables till i read this:...

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    i was really concerned with thier payables till i read this: Recognition and measurement Trade and other payables represent the liabilities for goods and services received by the Group that remain unpaid at the end of the reporting period. The balance is recognised as a current liability with the amounts normally paid within 30 - 90 days of recognition of the liability. Due to the short-term nature they are measured at amortised cost and are not discounted. As a result of the ongoing COVID-19 pandemic and its uncertainty, the Group re-negotiated and extended payment terms with its key trade payable suppliers. Contract liabilities represents managements’ best estimate of the future outflow of economic benefits in respect of products sold. The refund liability is estimated based on historical sales claim information, sales levels and any recent trends that may suggest future claims could differ from historical amounts. Key estimate and judgement Contract liabilities are calculated based on historical sales claim information, sales levels and any trends that may suggest future liabilities could differ from historical amounts. The Group operates a loyalty program where customers accumulate points for purchases made which entitles them to discounts on future purchases. This is recognised as a customer loyalty provision within sundry payables and is based on (i) loyalty events and (ii) an estimate of the loyalty redemption by the loyalty customers. The estimate considers historical experience and other factors relevant to customer spending.
 
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