Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)21. Cash and cash equivalents (cont’d)Fixed deposits amounting to $498,000 (2005: $931,000) are pledged as collateral for the bank loans of a subsidiary as disclosed inNote 25.Bank overdrafts are included in the determination of cash and cash equivalents because they form an integral part of the Group’scash management. They are repayable on demand and have a weighted average effective interest rate of Nil% (2005: 6.75%) perannum. Interest rates of bank overdrafts reprice at an interval of Nil month (2005: 3 months).Cash and cash equivalents denominated in foreign currencies as at 31 December are as follows:• $970,000 (2005: $15,727,000) denominated in United States dollars;• $3,836,000 (2005: $3,659,000) denominated in Japanese Yen;• $1,451,000 (2005: $3,874,000) denominated in Hong Kong dollars;• $3,548,000 (2005: $2,457,000) denominated in Ringgit Malaysia;• $1,492,000 (2005: $1,734,000) denominated in New Taiwan dollars;• $7,000,000 (2005: $9,680,000) denominated in China Renminbi;• $801,000 (2005: overdraft of $273,000) denominated in Australian dollars; and• $28,000 (2005: $Nil) denominated in Sterling pounds.22. Trade creditorsTrade creditors are non-interest bearing and are normally settled on 30 to 90 day terms.As at 31 December 2006, the following foreign currency denominated amounts are included in trade creditors of the Group:• $13,135,000 (2005: $7,307,000) denominated in United States dollar;• $740,000 (2005: $3,667,000) denominated in Japanese Yen;• $23,000 (2005: $474,000) denominated in Euro;• $181,000 (2005: $1,206,000) denominated in New Taiwan dollars;• $4,848,000 (2005: $2,780,000) denominated in Australian dollars; and• $25,000 (2005: $Nil) denominated in Ringgit Malaysia.Notes to the Financial Statements 135Annual Report 2006