13 JUNIOR BONDS Group 2023 2022 $’000 $’000 Junior bonds (secured) – 30,000 The junior bonds were issued by a subsidiary of the Group (the “Subsidiary”). Terms and debt repayment schedule Group Currency Nominal interest rate Year of maturity Face value Carrying amount 2023 2022 2023 2022 % $’000 $’000 $’000 $’000 Junior bonds (secured) SGD Lower of 10% per annum and excess fund* 2025 – 30,000 – 30,000 * Excess fund is determined based on the profits of the Subsidiary for the year before interest on junior bonds. During the year, the junior bonds were fully redeemed upon disposal of the Subsidiary. 14 TRADE AND OTHER PAYABLES Group Company 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Trade payables 13,608 13,179 – – Accrued development expenditures 72,899 87,443 – – Accrued operating expenses 15,615 13,372 4,379 3,143 Interest payables 25,810 55,067 33,538 17,300 Other payables 110,667 150,854 478 689 Security deposits 54,253 69,416 – – Dividend payable to immediate holding company 9,000 3,300 9,000 3,300 Non-trade amounts due to: – immediate holding company 333,829 126 333,829 126 – subsidiaries – – 255,920 188,814 – joint ventures 128,244 126,753 – – – related corporations 56,488 65,737 – – – affiliated companies – 57,788 – – – non-controlling interests 99,451 114,790 – – 919,864 757,825 637,144 213,372 Advance rental received 3,056 2,975 – – 922,920 760,800 637,144 213,372 Non-current 421,432 226,149 452,392 186,977 Current 501,488 534,651 184,752 26,395 922,920 760,800 637,144 213,372 Notes to the Financial Statements Year ended 31 December 2023 192 PERENNIAL HOLDINGS PRIVATE LIMITED
RkJQdWJsaXNoZXIy NTM2MDQ5