93
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
23.
Trade and other payables
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trade payables
57,912
40,782
2,536
2,609
Amounts due to subsidiaries
– trade
–
–
50,683
40,120
– non-trade
–
–
6,975
1,707
– loans
–
–
850
–
Other payables
19,687
13,007
2,322
1,493
Total trade and other payables
77,599
53,789
63,366
45,929
Add:
– Other liabilities (Note 24)
51,906
32,090
4,718
4,053
– Loans and borrowings (Note 25)
137,020
59,753
87,552
18,228
Total financial liabilities carried at amortised cost
266,525
145,632
155,636
68,210
Trade payables/other payables
These amounts are non-interest bearing and are normally settled on 30 to 90 days’ terms.
Amounts due to subsidiaries
The non-trade amounts due to subsidiaries are unsecured, interest-free and repayable on demand.
Purchases from subsidiaries are made at terms equivalent to those prevailing in arm’s length transactions with third parties.
All amounts with subsidiaries are to be settled in cash.
Trade payables denominated in foreign currencies at 31 December are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
United States Dollar
22,176
10,786
954
746
Euro
725
2,357
–
207
