notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
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NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
For <strong>the</strong> year ended 31 December 2012<br />
26. Cash and cash equivalents<br />
Group<br />
Company<br />
2012 2011 2012 2011<br />
US$’000 US$’000 US$’000 US$’000<br />
Cash and bank balances 46,596 35,148 418 116<br />
Cash at bank earns interest at floating rates based on daily bank deposit rates ranging from 0.1% <strong>to</strong> 0.5% (2011: 0.1% <strong>to</strong> 0.5%)<br />
per annum.<br />
Cash and cash equivalents denominated in foreign currencies at 31 December are as follows:<br />
Group<br />
Company<br />
2012 2011 2012 2011<br />
US$’000 US$’000 US$’000 US$’000<br />
Singapore Dollar 913 1,651 418 116<br />
Euro 546 166 – –<br />
Russia Rubles 2,066 429 – –<br />
Malaysia Ringgit 1,257 1,160 – –<br />
Vietnam Dong 144 112 – –<br />
Ukrainian Hryvnia 1,188 – – –<br />
O<strong>the</strong>rs 266 217 – –<br />
27. Trade payables and accruals<br />
Group<br />
Company<br />
2012 2011 2012 2011<br />
US$’000 US$’000 US$’000 US$’000<br />
Trade payables 15,632 12,471 4 26<br />
Accruals 11,961 13,201 1,323 1,017<br />
Total trade payables and accruals 27,593 25,672 1,327 1,043<br />
Trade payables are non-interest bearing and normally settled on 60-day terms.<br />
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