14. Trade and other payables
Group
Company
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Trade payables
109,088 100,712
23
65
Accrued operating expenses
34,959 46,526
2,246
1,561
Payables for yard development
2,364 1,546
–
–
Other payables
13,562 24,807
–
–
Other liabilities
- Deferred income
3,026 2,910
–
–
- Deposits received from
customers
7,515 9,834
–
–
Amounts due to subsidiaries
(non-trade)
–
– 86,187 80,796
Amounts due to joint ventures
and associates
- trade
9,046 7,060
–
–
- non-trade
252
121
–
–
Amounts due to companies/
firms related to directors
- trade
337
209
–
–
- non-trade
106
–
–
–
Amounts due to non-controlling
interests of subsidiaries
(non-trade)
206
191
–
–
Total trade and other payables
180,461 193,916 88,456 82,422
Less: Other liabilities
- Deferred income
(3,026)
(2,910)
–
–
- Deposits recevied from
customers
(7,515)
(9,834)
–
–
Add: Trust receipts (Note 16)
68,847 100,204
–
–
Add: Interest bearing loans
and borrowings (Note 17)
473,506 438,879 150,000 100,000
Add: Bank overdraft (Note 18)
1,130 6,724
–
–
Financial liabilities at amortised cost
713,403 726,979 238,456 182,422
Trade payables are non-interest bearing and are normally on 30 to 120 days’ credit terms.
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
130
