Page 122 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
120
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
26. Trade and other payables
The Group The Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Trade payables:
- Non-related parties 565,599 508,140 – –
- Associated companies 1,919 922 – –
- Fellow subsidiaries 38,604 25,047 – –
606,122 534,109 – –
Construction contracts: Advances
received (Note 15):
- Non-related parties 490,474 334,784 – –
- Fellow subsidiaries 4,707 4,423 – –
495,181 339,207 – –
Due to customers (Note 15):
- Non-related parties 99,578 140,871 – –
594,759 480,078 – –
Advances from non-related parties 63,619 52,453 – –
Non-trade payables:
- A subsidiary – – 15,000 15,000
- A fellow subsidiary – – 2 9
– – 15,002 15,009
Deposits received 9,944 7,708 – –
Deferred income 7,354 3,364 – –
Other accruals for operating expenses 1,410,065 1,162,590 3,147 2,877
Dividend payable to non controlling
interests of subsidiaries 4,048 4,065 – –
Total 2,695,911 2,244,367 18,149 17,886
The non-trade balances payable to subsidiary and fellow subsidiary are unsecured, interest-free and are repayable
on demand.