BUILDING LANDMARKS, CHARTING GROWTH
231
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
16 TRADE AND OTHER PAYABLES
Group
Company
31/12/2015
30/6/2014 31/12/2015
30/6/2014
$’000
$’000
$’000
$’000
Trade payables
2,149
1,717
–
11
Investment properties development expenditures
78,724
–
–
–
Accrued operating expenses
14,313
1,546
3,429
228
Interest payable
18,339
–
3,659
–
Other payables
28,411
2,136
988
224
Security deposits
18,490
1,139
–
–
Non-trade amounts due to:
– joint venture
31,889
–
–
–
– subsidiaries
–
–
13,379
–
– related corporations
34,836
119
–
–
– affiliated company
130,599
–
–
–
– non-controlling interests
38,118
620
–
620
395,868
7,277
21,455
1,083
Deferred income
337
–
–
–
Advance rental received
3,862
–
–
–
400,067
7,277
21,455
1,083
Non-current
35,374
2,076
–
–
Current
364,693
5,201
21,455
1,083
400,067
7,277
21,455
1,083
Non-trade amounts due to joint venture are unsecured, bears interest at 0.01% per annum and repayable on demand.
Non-trade amounts due to subsidiaries and related corporations are unsecured, interest-free and repayable on demand.
Non-trade amounts due to an affiliated company are unsecured, bears interest at 7.64% per annum and repayable in 2016.
As at 31 December 2015, the non-trade amounts due to non-controlling interests consist of the followings:
(i)
The loan of $25.8 million was unsecured, interest-free and repayable on demand from 2017; and
(ii)
The remaining loan of $12.3 million was unsecured, interest-free and repayable on demand.
The Group and the Company’s exposures to liquidity and market risks relating to trade and other payables are disclosed in
note 26.
