Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)9. Cash and cash equivalents (Continued)Fixed deposits bear interest ranging from 0.4 % to 3.34 % per annum (2006 : 2.13 % to 3.34 % per annum) and for tenures ranging from 1 to 365 days (2006 : 9 to 180 days).Cash and cash equivalents are denominated in the following currencies:The Group The Company2007 2006 2007 2006$ $ $ $United States Dollar 2,063,727 1,564,073 909,834 1,453,876Chinese Renminbi 101,010 32,725 - -Singapore Dollar 28,351,286 17,887,576 25,237,149 15,087,015Malaysian Ringgit 604,963 116,755 16,644 -31,120,986 19,601,129 26,163,627 16,540,89110. Trade and other payableThe Group The Company2007 2006 2007 2006$ $ $ $Trade payables 69,425,632 38,601,707 64,755,760 35,023,589Deposits from customers 77,832 77,832 45,832 45,832Accrued operating expenses 5,430,734 4,231,494 4,942,538 3,889,833Other payables 298,079 243,430 - -Amounts due to related parties - non-trade - 74,138 - -Amounts due to subsidiaries- trade - - 905,497 2,071,586- non-trade - - 531,090 851,352Provision for Director’s fee 135,000 210,000 135,000 210,00075,367,277 43,438,601 71,315,717 42,092,19272 HG METAL MANUFACTURING LIMITED ANNUAL REPORT 2007