Page 78 - StamfordTyresAR13-Review12pp -30JUly2013.indd

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Notes to the Financial Statements
30 April 2013
(In Singapore dollars)
20. Other receivables (cont’d)
Group Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Non-financial assets
Prepayments and advances
Prepaid operating expenses 906 899 19 24
Advance payment for purchases 1,661 2,232 – –
2,567 3,131 19 24
Movement in allowance accounts:
Group Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
At 1 May 211 211 209 209
Written-off – – – –
At 30 April 211 211 209 209
The non-trade amounts due from the joint venture company and shareholders of subsidiary companies are
unsecured, interest-free and are repayable on demand. The amounts are to be settled in cash.
The deposits to suppliers are unsecured and interest-free. The deposits are refundable at the end of the
manufacturing contracts.
Staff loans are unsecured, bear interest at rates at 6.50% (2012: 6.50%) per annum and repayable within the
next 12 months.
The advance payment for purchases is unsecured, interest-free and is deductible against the amount payable on
purchases of tyres from these suppliers.
21. Cash and cash equivalents
Group Company
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Cash at bank and on hand 32,695 16,931 219 261
Short-term bank/fixed deposits – – – –
32,695 16,931 219 261