Page 110 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
108
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
12. Forward currency contracts
The Group
Contract Fair value
notional
amount Assets Liabilities
$’000 $’000 $’000
2013
Non-hedging instruments
- Forward currency contracts 125,906 770 –
2012
Non-hedging instruments
- Forward currency contracts – – –
13. Trade and other receivables - current
The Group The Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Trade receivables:
- Non-related parties (i) 215,099 298,156 – –
- Fellow subsidiaries 22,667 41,131 – –
237,766 339,287 – –
Less: Allowance for impairment
of receivables
- non-related parties (11,323) (11,038) – –
Trade receivables - net 226,443 328,249 – –
Construction contracts due from
customers (Note 15):
- Non-related parties (i) 2,031,327 1,679,398 – –
Other receivables:
- Non-related parties 55,161 44,715 7 7
- Fellow subsidiaries (ii) 10,125 12,844 – –
- Associated companies (ii) 1 1,716 – –
- A subsidiary – – 1,392 1,401
65,287 59,275 1,399 1,408
Less: Allowance for impairment
of other receivables
- non-related parties (11,978) (5,867) – –
Other receivables – net 53,309 53,408 1,399 1,408
Loan to an associated company (iii) 939 882 – –
Advances paid to suppliers 595,584 672,805 – –
Staff advances 1,120 1,032 – –
Dividend receivable from
- Subsidiaries – – 30,359 15,469
- Associated companies 3,106 2,927 – –
Total 2,911,828 2,738,701 31,758 16,877