notes to the financial statements - Singapore Technologies ...

188 SIMPLY SMARTERNOTES TO THE FINANCIAL STATEMENTS31 December 2011(Currency - Singapore dollars unless otherwise stated)26. Bank balances and other liquid fundsGroupCompany2011 2010 2011 2010$’000 $’000 $’000 $’000Fixed deposits with financial institutions 937,808 1,142,427 264,346 319,867Cash and bank balances 428,644 449,300 37,513 16,944Cash and cash equivalents in the statement ofcash flows 1,366,452 1,591,727 301,859 336,811Fixed deposits with financial institutions mature at varying periods within 11 months (2010: 6 months) from the financial year-end. Interest rates rangefrom 0.03% to 8.25% (2010: 0.04% to 6.45%) per annum, which are also the effective interest rates.Cash and bank balances of $7,463,000 (2010: $4,204,000) have been placed with banks as security for letters of credit issued to third parties.Cash and cash equivalents denominated in currencies other than the functional currencies of the Company and its subsidiaries as at 31 December areas follows:27. Trade payables and accrualsGroupCompanyNote 2011 2010 2011 2010$’000 $’000 $’000 $’000Trade payables 798,531 675,730 – –Non-trade payables 65,912 48,559 5,492 3,543Purchase of property, plant and equipment 2,082 12,062 – –Accrued operating expenses 787,999 821,203 30,637 25,504Accrued interest payable 16,386 16,202 7 –Other long-term payables, current 37 – 1,333 – –Derivative financial instruments 48 19,612 13,920 – 61,690,522 1,589,009 36,136 29,053Trade payables denominated in currencies other than the functional currencies of the Company and its subsidiaries as at 31 December are as follows: