FRONTLINE COVER FA 070606 CR2.indd

84
frontline technologies corporation ltd
annual report 2006
> notes to the financial statement
for the year ended 31 march 2006
27. Trade and other payables
The non-trade payables to affiliated companies, directors, directors of subsidiaries and subsidiaries of the Company are
unsecured, interest free and are repayable on demand.
Group
Company
2006 2005 2006 2005
$ $ $ $
Trade payables
– associated companies – 31,500 – –
– affiliated companies 174,612 50,227 101,068 –
– third party 38,136,920 31,188,261 – –
Other payables 3,531,044 3,388,817 70,097 155,202
Accrued operating expenses 13,014,707 10,714,081 834,281 469,792
Accrual for Investment 798,321 – 892,650 –
Unearned revenue 12,876,766 10,295,852 – –
Deposits for future stock subscription – 614,000 – –
Customers deposits – 3,030,008 – –
Non-trade payables to
– affiliated companies 271,149 265,423 15,383 87,893
– directors 84,000 30,000 84,000 30,000
– subsidiaries – – 7,690,330 4,293,052
68,887,519 59,608,169 9,687,809 5,035,939
Trade payables are denominated in the following currencies:
Group
2006 2005
$ $
India Rupee 4,308,633 2,895,742
Philippines Peso 3,288,626 2,768,640
Singapore Dollar 14,788,483 2,598,528
United States Dollar 14,437,274 20,176,263
Other significant currencies 1,488,516 2,830,815
38,311,532 31,269,988