Page 154 - S P Setia Annual Report 2013
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152 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






27. tRaDe PaYaBleS (cOnt’D)
The normal credit terms extended by sub-contractors and suppliers range from 15 to 90 days. The retention sums are repayable upon the
expiry of the defect liability period of 12 to 24 months.
Other trade payables are required to be settled within 14 to 60 days.

The currency exposure profle of trade payables is as follows:
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Ringgit Malaysia 531,993 489,331 6,754 8,791
Sterling Pound 3,795 1,989 - -
Vietnamese Dong 1,540 1,402 - -
Australian Dollar 292 563 - -
Singapore Dollar 8,814 521 - -
546,434 493,806 6,754 8,791

28. OtHeR PaYaBleS anD accRUalS

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Redeemable serial bonds interest payable - 2,178 - 2,178
Unsecured advances 78,177 10,220 - -
Interest accrued 10,590 3,638 1,475 480
Contract advances received (see note 16) - 2,559 - -
Deposits received 122,061 38,163 - -
Deferred revenue 95,739 102,538 - -
Unpaid consideration for acquisition of development lands 303,622 134,539 - -
Value Added Tax/Government Service Tax payables 144,218 - - -
Other sundry payables and accruals 231,209 173,022 2,868 18,258
985,616 466,857 4,343 20,916

The unsecured advances are from minority shareholders of certain subsidiary companies. These advances are interest free and payable on
demand.

The currency exposure profle of other payables and accruals is as follows:
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Ringgit Malaysia 620,292 359,470 4,343 20,916
Sterling Pound 321,539 53,490 - -
Vietnamese Dong 32,812 48,449 - -
Australian Dollar 3,939 1,341 - -
Singapore Dollar 7,013 4,083 - -
Other currencies 21 24 - -
985,616 466,857 4,343 20,916
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