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Annual Report 2014 | S P SETIA BERHAD GROUP | 175

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

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 6 to 36 months.

Other trade payables are required to be settled within 14 to 60 days.

The currency exposure profile of trade payables is as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Ringgit Malaysia

745,288

563,438

15

6,754

Singapore Dollar

26,016

8,814

-

-

Other currencies

863

303

-

-

772,167

572,555

15

6,754

28. OTHER PAYABLES AND ACCRUALS

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Unsecured advances

49,401

35,270

-

-

Interest accrued

7,531

6,556

1,824

1,475

Deposits received

4,404

12,768

-

-

Deferred revenue

42,116

95,609

-

-

Unpaid consideration for acquisition of development lands

131,035

253,011

-

-

Other sundry payables and accruals

261,266

268,688

6,814

2,868

495,753

671,902

8,638

4,343

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

on demand.