2011 Annual Report - TOM Group

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
28 Trade and other payables (Continued)
(c)
The Group’s other payables include amounts due to jointly controlled entities and related
companies of HK$34,201,000 (2010: HK$23,068,000) and HK$51,252,000 (2010:
HK$53,101,000) respectively. The total balances due to related companies beneficially
owned by the substantial shareholders of the Company, HWL and Cranwood, amounted to
HK$44,876,000 (2010: HK$43,706,000). The balances due to non-controlling interests of
subsidiaries of the Group amounted to HK$6,376,000 (2010: HK$9,395,000).
The amount due to jointly controlled entities represents expenses paid on behalf of the Group
by jointly controlled entities and the amounts due to related companies arose from purchases
of goods and services. These balances are unsecured, interest-free and repayable on demand.
(d)
The carrying amounts of the Group’s trade and other payables are denominated in the
following currencies:
Group
Company
2011 2010 2011 2010
HK$’000 HK$’000 HK$’000 HK$’000
HK$ 97,836 91,437 14,592 15,747
US$ 8,924 5,227 – –
RMB 498,872 684,259 44,895 42,705
NT$ 370,474 353,444 – –
Others 72,255 91,782 – –
1,048,361 1,226,149 59,487 58,452
29 Short-term bank loans
Group
Company
2011 2010 2011 2010
HK$’000 HK$’000 HK$’000 HK$’000
Unsecured 118,082 109,032 – –
The bank loans are denominated in NT$.
These short-term bank loans are interest bearing at prevailing market rates. Their carrying amounts
approximate their fair values.
Annual Report 2011
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