For the financial year ended 31 December 2015
89
ANNUAL REPORT 2015
18. CASH AND BANK BALANCES
The Group
The Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Short term bank deposits
292,867
197,306
282,662
186,493
Cash at bank and on hand
22,864
27,360
4,595
7,777
315,731
224,666
287,257
194,270
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 $5,471,000
(2014: $5,398,000) which are not 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
2015
2014
$’000
$’000
Cash and bank balances (as above)
315,731
224,666
Less: Bank deposits pledged for banking facilities
(1,523)
(1,605)
Cash and cash equivalents per consolidated statement of cash flows
314,208
223,061
19. TRADE AND OTHER PAYABLES
The Group
The Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade payables
4,244
2,921
–
–
Other payables and accruals
50,912
36,145
2,521
2,420
Advances from subsidiaries
–
–
78,183
69,866
55,156
39,066
80,704
72,286
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.
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
