Page 173 - S P Setia Annual Report 2016

 

 

 

 

 

Page 173 - S P Setia Annual Report 2016
P. 173

S P Setia Berhad Group                                                                                 171
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          23.   BORROWINGS (CONT’D.)

              Medium Term Notes (“MTN”) and Commercial Paper (“CP”) (cont’d.)

              As at 31 December 2016, Tranche 1 MTN nominal value of RM234.9 million, Tranche 2 CP nominal value of RM37.5 million and Tranche
              3 CP nominal value of RM16 million were redeemed.

              The currency exposure profile of borrowings is as follows:

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000

               Malaysian Ringgit                                  5,048,785     4,837,159     1,269,776      1,077,690
               Great British Pound                                 714,063        38,286        714,063        38,286
               United States Dollar                                  8,587         19,181            -             -
               Vietnamese Dong                                         874          1,986            -             -
               Singapore Dollar                                          -        196,670            -             -
               Australian Dollar                                         -        103,616            -             -
                                                                  5,772,309     5,196,898     1,983,839      1,115,976



         24.  TRADE PAYABLES

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000
               Sub-contractors’ claims                                                          272,179       216,538
               Retention sums                                                                  364,803        322,504
               Accrued construction costs                                                      709,784        664,685
               Others                                                                           16,904         37,714
                                                                                              1,363,670      1,241,441

              The normal credit terms extended by sub-contractors and suppliers range from 15 to 90 days (2015: 15 to 90 days). The retention sums
              are repayable upon the expiry of the defect liability period of 6 to 36 months (2015: 6 to 36 months).

              Other trade payables are required to be settled within 14 to 60 days (2015: 14 to 60 days).
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