78
SUNMOON FOOD COMPANY LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
20.
BANK BORROWINGS
(CONTINUED)
The currency profiles of bank borrowings as at end of the reporting period are as follows:
Group
2015
2014
$’000
$’000
Chinese Renminbi
–
1,278
United States Dollar
632
1,380
632
2,658
As at the end of the reporting period, the Group had been granted and utilised banking facilities as follows:
Group
2015
2014
$’000
$’000
Facilities granted
2,121
4,112
Facilities utilised
632
2,658
21.
TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade payables – third parties
1,477
6,941
–
–
Other payables
– third parties
3,531
904
1,406
99
– subsidiaries
–
–
5,798
1,304
3,531
904
7,204
1,403
Loan from a Director
–
529
–
–
Business tax payable
–
73
–
–
Accrued operating expenses
2,227
3,549
1,656
2,573
Accrued property, plant and equipment
registration expenses
653
639
–
–
Advances from customers
102
176
–
–
7,990
12,811
8,860
3,976
Trade payables are unsecured, non-interest bearing and normally settled between 7 to 60 (2014: 7 to 60) days’ terms.
Loan from a Director is non-trade in nature, unsecured, non-interest bearing and had been fully paid in FY2015.
