AJ Lucas Group annual report 2007-08

18. TRADE AND OTHER PAYABLES
Consolidated
Company
2008 2007 2008 2007
$’000 $’000 $’000 $’000
Current
Trade payables 60,048 31,506 376 —
Other payables and accruals 23,026 34,813 256 84
83,074 66,319 632 84
Non-current
Other loans—controlled entities — — 29,361 16,217
Other than the loan from the Company’s Hong Kong subsidiary, the loans payable to controlled entities were interest free, unsecured and repayable on
demand.
19. INTEREST-BEARING LOANS AND liabilities
Consolidated
Company
2008 2007 2008 2007
$’000 $’000 $’000 $’000
Current
Bank overdraft—secured 867 5,663 — —
Other borrowings—unsecured 716 277 — —
Other borrowings—secured 1,779 836 — —
Deferred subsidiary acquisition consideration 3,250 1,250 — —
Bank loans—secured 9,200 — 4,500 —
Lease liabilities—secured 4,184 2,680 — —
19,996 10,706 4,500 —
Non-current
Lease liabilities—secured 13,760 6,727 — —
Other borrowings—secured 2,582 3,516 — —
Deferred subsidiary acquisition consideration 5,476 2,750 — —
Bank loans—secured 28,492 — 17,500 —
Convertible notes—unsecured 726 24,188 726 24,188
51,036 37,181 18,226 24,188
Financing facilities
(a) The Group has access to the following lines of credit and bank guarantees
Bank overdraft—secured 8,500 5,500 8,500 5,500
Other borrowings—secured 4,361 4,352 — —
Lease liabilities—secured 29,501 11,546 — —
Bank loan—secured 37,692 — 22,000 —
80,054 21,398 30,500 5,500
Total facilities utilised at balance date:
Bank overdraft—secured 867 5,663 — —
Less: Right of set off (867) (5,519) — —
Net overdraft — 144 — —
Other borrowings—secured 4,361 4,352 — —
Lease liabilities—secured 17,944 9,407 — —
Bank loan—secured 37,692 — 22,000 —
59,997 13,759 22,000 —
Total facilities not utilised at balance date:
Bank overdraft—secured 8,500 5,356 8,500 5,500
Other borrowings—secured — — — —
Lease liabilities—secured 11,557 2,139 — —
Bank loan—secured — — — —
20,057 7,495 8,500 5,500
48 LUCAS group