Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
138 Singapore Press Holdings annual report 2011
17. TRADE AND OTHER RECEIVABLES (CONT’D)
(b)
Current
Group
Company
2011 2010 2011 2010
S$’000 S$’000 S$’000 S$’000
Trade receivables
- Non-related parties 144,683 145,063 110,828 100,762
- Less: Allowance for impairment of
receivables – non-related parties (10,342) (10,177) (8,318) (8,366)
134,341 134,886 102,510 92,396
- Development properties
- Due from customers [Note 10]
[Note 17(b)(i)] 58 107,680 - -
Amounts owing by
- Subsidiaries [Note 17(b)(ii)] - - 828,953 847,914
- Associates [Note 17(b)(iii)] 918 53 - -
- Jointly-controlled entities [Note 17(b)(iv)] 74 103 61 37
992 156 829,014 847,951
Loans to subsidiaries [Note 17(b)(v)] - - 337,299 302,422
Accrued interest 2,230 2,384 144 40
Sundry debtors 9,115 7,478 1,325 2,881
Prepayments 3,929 5,249 2,571 3,414
Staff loans 1,304 1,434 1,187 1,310
151,969 259,267 1,274,050 1,250,414
(i)
(ii)
(iii)
(iv)
(v)
In the previous financial year, amounts due from customers on development properties are
neither past due nor impaired as they relate to the aggregated costs incurred and the profit
or loss recognised in each development property that has been sold, net of any progress
billings.
The amounts owing by subsidiaries, net of allowance for impairment of S$0.5 million
(2010: S$0.5 million), are non-trade, unsecured, interest-free and repayable on demand.
The amounts owing by associates are non-trade, unsecured, interest-free and repayable on
demand.
The amounts owing by jointly-controlled entities are non-trade, unsecured, interest-free and
repayable on demand.
The loans to subsidiaries, net of allowance for impairment of S$23.8 million (2010: S$2.9
million), are unsecured and repayable on demand. The loans are interest-free except for an
amount of S$200.0 million (2010: S$210.0 million) which bears a fixed interest rate of 2.85%
(2010: 1.5%) per annum.