NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
125
ANNUAL REPORT 2015
32.
BORROWINGS (CONT’D)
Unsecured
Included in the unsecured bank loans are the following:
Short-term trade financing is denominated in US Dollar. Bankers’ acceptances are denominated in Malaysian Ringgit. All
these facilities were utilised for working capital requirements involving purchases and sales of tin concentrates and tin metal.
The interest rates of the bank loans are repriced at intervals of 3 months to 12 months (2014: 1 month to 3 months).
33.
OTHER NON–CURRENT LIABILITIES
Group
2015
2014
$’000
$’000
Unrealised profit on sale of properties to associates
214
256
Other liabilities
251
64
465
320
34.
TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Current:
Trade payables
49,739
9,311
176
56
Advance receipts and billings
274
360
12
14
Amounts due to associates
91
9
–
3
50,104
9,680
188
73
Other payables
Amounts due to subsidiaries
–
–
487,382
528,306
Amounts due to non-controlling shareholders of subsidiaries
21,609
21,403
–
–
Accrual for balance payment of property and other charges
33,584
23,850
2,218
4,929
Other deposits
1,433
2,514
344
370
Amounts due to associates
570
5,349
–
832
Amounts due to a joint venture
15,662
14,684
–
–
72,858
67,800
489,944
534,437
Trade and other payables
122,962
77,480
490,132
534,510
Trade and other payables
122,962
77,480
490,132
534,510
Less: Advance receipts and billings
(274)
(360)
(12)
(14)
122,688
77,120
490,120
534,496
Add: Other non-current liabilities (note 33)
251
64
–
–
Loans and borrowings (note 32)
551,667
466,272
–
–
Total financial liabilities carried at amortised cost
674,606
543,456
490,120
534,496
