NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
122
COSCO Corporation (Singapore) Limited
26.
Trade and other payables
The Group
The Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trade payables:
- Non-related parties
574,927
565,599
–
–
- Associated companies
5,154
1,919
–
–
- Fellow subsidiaries
13,031
38,604
–
–
593,112
606,122
–
–
Construction contracts:
Advances received (Note 15):
- Non-related parties
339,451
490,474
–
–
- Fellow subsidiaries
4,820
4,707
–
–
344,271
495,181
–
–
Due to customers (Note 15):
- Non-related parties
160,761
99,578
–
–
505,032
594,759
–
–
Advances from non-related parties
20,667
63,619
–
–
Non-trade payables:
- A subsidiary
–
–
15,000
15,000
- A fellow subsidiary
–
–
–
2
–
–
15,000
15,002
Deposits received
9,191
9,944
–
–
Deferred income
6,272
7,354
–
–
Other accruals for operating expenses
1,493,322
1,410,065
2,378
3,147
Dividend payable to non-controlling
interests of subsidiaries
4,567
4,048
–
–
Total
2,632,163
2,695,911
17,378
18,149
The non-trade payables to subsidiary and fellow subsidiary are unsecured, interest-free and are repayable
on demand.
