Page 175 - S P Setia Annual Report 2016
P. 175

S P Setia Berhad Group                                                                                173
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          25.   OTHER PAYABLES AND ACCRUALS (CONT’D.)

              The currency exposure profile of other payables and accruals is as follows:

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Malaysian Ringgit                                   469,799        519,566        11,428        10,735
               Singapore Dollar                                      5,546         13,569            -             -
               Australian Dollar                                    69,425         10,324            -             -
               Vietnamese Dong                                      11,730          7,197            -             -
               United States Dollar                                      2            11             -             -
               Hong Kong Dollar                                          4             8             -             -
               Indonesian Rupiah                                         3             -             -             -
                                                                   556,509        550,675        11,428        10,735



         26.  PROVISION FOR AFFORDABLE HOUSING

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Current
               At beginning of the year/period                                                 458,540        615,358
               Addition                                                                         146,382        41,532
               Reversal                                                                         (77,236)     (168,296)
               Utilised                                                                         (23,428)      (30,054)
               At end of the year/period                                                       504,258        458,540

              The provision for affordable housing represents the present obligation for construction of low cost houses.



         27.  REVENUE

                                                                                                     Group
                                                                                               1.1.2016      1.11.2014
                                                                                                     to            to
                                                                                             31.12.2016     31.12.2015
                                                                                                RM’000        RM’000

               Sale of development properties                                                 4,484,432     6,222,802
               Contract revenue                                                                 305,997       280,856
               Sale of other goods and services                                                 166,736       242,685
                                                                                              4,957,165      6,746,343
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