18.
CASH AND CASH EQUIVALENTS
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Cash and bank balances
27,481
52,661
20,700
45,222
Fixed deposits with banks
23,033
–
13,001
–
50,514
52,661
33,701
45,222
Fixed deposits earn weighted average effective interest rate of 1.41% (2014: Nil) per annum and for
tenures ranging from 2 to 3 months (2014: Nil).
Cash and bank balances denominated in foreign currencies at 31 December are as follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
United States Dollar
3,709
7,385
3,306
7,013
Indonesian Rupiah
8
1
–
–
Malaysian Ringgit
56
1,466
56
1,466
19.
TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Financial liabilities
Trade payables
Third parties
4,861
20,603
4,228
14,877
Amounts due to subsidiaries
–
–
1,099
8,831
Amounts due to associates
68
8
68
8
4,929
20,611
5,395
23,716
Other payables
Deposits from customers
1,136
1,321
639
717
Accrued operating expenses
1,655
1,616
1,371
1,260
Other payables
733
801
516
401
Amounts due to subsidiaries
–
–
1,061
2,565
Amounts due to related parties
–
1
–
1
3,524
3,739
3,587
4,944
Total financial liabilities
8,453
24,350
8,982
28,660
Non-financial liability
GST payable
400
1,121
272
983
8,853
25,471
9,254
29,643
98
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
