ANNUAL REPORT 2014
87
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
17. CASH AND BANK BALANCES
The Group
The Company
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Short term bank deposits
197,306
189,737
186,493
183,011
Cash at bank and on hand
27,360
20,530
7,777
2,570
224,666
210,267
194,270
185,581
The carrying amounts of cash and bank balances approximate their fair values.
Included in the cash and bank balances are bank deposits and cash on hand amounting to $5,398,000 (2013:
$4,659,000) which is less freely remittable for use by the Group because of currency exchange restrictions.
Cash and cash equivalents included in the consolidated statement of cash flows comprise the following:
The Group
2014
$’000
2013
$’000
Cash and bank balances (as above)
224,666
210,267
Less: Bank deposits pledged for banking facilities
(1,605)
(1,661)
Cash and cash equivalents per consolidated statement of cash flows
223,061
208,606
18. TRADE AND OTHER PAYABLES
The Group
The Company
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Trade payables
2,921
3,098
–
–
Other payables and accruals
36,145
33,898
2,420
2,503
Advances from subsidiaries
–
–
69,866
113,061
39,066
36,996
72,286
115,564
Other payables and accruals mainly comprise of accrued advertisement and promotion expenses, and accrued
employee compensation.
The carrying values of trade and other payables approximate their fair values.
Advances from subsidiaries are non-trade, unsecured, interest free and are repayable on demand.
