Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

32. Trade and other payables
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Current
Trade payables
Third parties 137,411 95,109 - -
Deposits payable 9,600 - - -
Advance received on contract (Note 26) 10,000 - - -
Retention sums on construction contracts (Note 26) 1,646 6,964 - -
158,657 102,073 - -
Other payables
Other payables 28,568 63,378 2,444 1,748
Accrued operating expenses 33,465 41,919 539 696
Amount due to subsidiaries:
- Central cash management accounts - - 341,581 370,293
- Current accounts - - 70 605,669
Deposits payable 1,916 1,756 - -
Interest payable 1,365 1,572 - -
Retention monies 2,071 9 - -
67,385 108,634 344,634 978,406
226,042 210,707 344,634 978,406
Non-current
Trade payable
Deposits payable 9,400 - - -
Total trade and other payables
(current and non-current) 235,442 210,707 344,634 978,406
Add: Loans and borrowings (Note 29) 215,747 394,586 85,507 170,786
Total fi nancial liabilities carried at amortised cost 451,189 605,293 430,141 1,149,192
(a) Trade payables
Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range
from one month to four months.
(b) Amount due to subsidiaries
(i) Central cash management accounts
All balances deposited with the Company are unsecured, repayable on demand and earn interest
at rates ranging from 2.69% to 3.08% (2010: 1.94% to 2.73%) per annum.
(ii) Current accounts
These amounts are unsecured, interest-free and are repayable on demand.
Further details on related party transactions are disclosed in Note 41.
Annual Report 2011 145