Old Chang Kee Ltd - Annual Report 2016 - page 111

109
A N N U A L R E P O R T 2 0 1 6
For the Financial Year Ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
22. Trade and other payables
Group Company
2016 2015 2016 2015
$’000 $’000 $’000 $’000
Trade payables 4,488 3,230 – –
Accruals 2,534 2,154 1,639 1,285
Sundry creditors 107 21 73 44
Trade and other payables 7,129 5,405 1,712 1,329
Add:
- Other liabilities (Note 23) 162 152 – –
- Bank loans (Note 25) 7,920 8,228 – –
Finance lease liabilities (Note 30(c)) 389 499 – –
Total financial liabilities carried at amortised cost 15,600 14,284 1,712 1,329
Trade payables are non-interest bearing and are normally settled between 7 to 60 days’ terms.
Trade payables are denominated in the following currencies:
Group Company
2016 2015 2016 2015
$’000 $’000 $’000 $’000
Singapore Dollars 3,966 2,785 – –
Thai Baht 464 433 – –
Australian Dollars 10 12 – –
Malaysian Ringgit 48 – –
4,488 3,230 – –