Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
145
21. TRADE AND OTHER PAYABLES
(a)
Non-current
Group
2011 2010
S$’000 S$’000
Deposits received 27,776 21,438
The fair value of deposits received approximate their carrying amount.
(b)
Current
Group
Company
2011 2010 2011 2010
S$’000 S$’000 S$’000 S$’000
Trade payables – non-related parties 43,409 49,641 33,294 25,799
Amounts owing to
- Subsidiaries [Note 21(b)(i)] - - 459,047 447,273
- Jointly-controlled entity [Note 21(b)(ii)] 17,217 9,281 17,213 9,281
17,217 9,281 476,260 456,554
Accrued operating expenses 159,983 179,973 120,807 129,948
Deposits received 22,359 19,467 9,070 7,603
Sundry creditors 24,258 8,480 5,606 7,119
Collections in advance 29,444 20,019 12,433 14,601
296,670 286,861 657,470 641,624
(i)
(ii)
The amounts owing to subsidiaries are non-trade, unsecured and repayable on demand.
Except for amounts owing to certain subsidiaries of S$38.5 million (2010: S$36.1 million) with
effective interest rates ranging from 0.15% to 0.37% (2010: 0.15% to 0.48%) per annum as
at the balance sheet date, the amounts owing to other subsidiaries are interest-free.
The amounts owing to a jointly-controlled entity are non-trade, unsecured and repayable
on demand. The amounts of S$17.2 million (2010: S$9.3 million) are interest-bearing, with
effective interest rates ranging from 0.05% to 4.80% (2010: 0.19% to 0.60%) per annum as
at the balance sheet date.