98
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
19.
CASH AND CASH EQUIVALENTS
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Cash and bank balances
52,661
15,421
45,222
8,754
Fixed deposits with banks
–
702
–
–
52,661
16,123
45,222
8,754
Fixed deposits bear weighted average effective interest rate of Nil (2013: 3.12%) per annum and for
tenures ranging from 1 to 12 months (2013: 1 to 12 months).
Cash and bank balances denominated in foreign currencies at 31 December are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
United States Dollar
7,385
1,377
7,013
1,103
Indonesian Rupiah
1
555
–
–
Malaysian Ringgit
1,466
134
1,466
134
20.
TRADE AND OTHER PAYABLES
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Financial liabilities
Trade payables
Third parties
20,603
16,157
14,877
13,336
Amounts due to subsidiaries
–
–
8,831
12,077
Amounts due to related parties
–
630
–
15
Amounts due to associates
8
530
8
530
20,611
17,317
23,716
25,958
