Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
ANNUAL REPORT 2016
DRIVING IT UP
| 87
21.
Trade payables
Trade payables are denominated in the following currencies:
Group
2016
2015
$’000
$’000
Ringgit Malaysia
4,407
3,844
United States Dollar
3,384
5,410
Singapore Dollar
2,524
2,468
Euro
1,506
485
South African Rand
1,458
1,577
Australian Dollar
1,307
1,346
Thai Baht
916
1,050
Indonesian Rupiah
847
768
Others
835
296
17,184
17,244
These amounts are non-interest bearing. Trade payables are normally settled on 120 days terms.
22.
Trust receipts (secured)
Trust receipts have maturity dates of up to 6 (2015: 6) months and are secured by corporate guarantees
from the Company, a negative pledge over the assets, excluding its leasehold buildings, of subsidiary
companies. These facilities are subject to compliance with certain financial covenants.
The trust receipts bear interest at rates ranging from 1.36% to 13.00% (2015: 1.29% to 12.75%) per annum.
The weighted average interest rate of the Group’s trust receipts is 4.79% (2015: 3.89%).
Trust receipts are denominated in the following currencies:
Group
2016
2015
$’000
$’000
Ringgit Malaysia
14,286
21,630
Thai Baht
12,156
14,856
Singapore Dollar
7,377
11,790
United States Dollar
5,716
13,679
South African Rand
4,435
1,534
Indonesian Rupiah
4,050
4,465
Australian Dollar
1,595
2,687
Hong Kong Dollar
71
–
49,686
70,641
