Annual Report 2012 - singapore land limited

Singapore Land Limited - Annual Report 2012
79
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
20. TRADE AND OTHER RECEIVABLES
The Group
The Company
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Trade receivables 16,916 17,224 - -
Less: Allowance for impairment
of receivables (977) (1,298) - -
15,939 15,926 - -
Accrued receivables 49,751 -
Deposits 544 180 235 209
Prepaid taxes 2,200 8,166 - -
Prepayments 547 12,167 - -
Other receivables 5,469 3,793 - -
74,450 40,232 235 209
Accrued receivables represent the balance of sales consideration to be billed for properties held for sale that has
obtained Temporary Occupation Permit.
21. TRADE AND OTHER PAYABLES
(a)
(b)
The Group
The Company
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Current
Monies received in advance 33,913 106,367 - -
Rental deposits 20,513 19,077 - -
Trade payables 24,703 40,763 - -
Other payables 6,442 8,929 465 489
Accrued operating expenses 53,434 36,947 605 563
139,005 212,083 1,070 1,052
Non-current
Rental deposits 43,295 45,703 - -
Amounts due to subsidiary companies - - 225,679 66,145
43,295 45,703 225,679 66,145
The amounts due to subsidiary companies are unsecured, not repayable within the next 12 months and are interestfree.
At the statement of fi nancial position date, the carrying amounts of non-current trade and other payables
approximate their fair values.