74
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
12.
Trade and other receivables
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trade receivables
- Non-related parties
49,741
28,307
–
–
Less: Allowance for impairment of
trade receivables - non-related
parties
(1,851)
(1,252)
–
–
Trade receivables – net
47,890
27,055
–
–
Construction contracts
- Due from customers (Note 14)
20,228
11,329
–
–
Non-trade amounts due from
subsidiaries
–
–
83,727
28,866
Accrued revenue
12,033
15,095
1,528
–
Advances to suppliers
674
388
–
108
Advances to staff
23
70
–
–
Deposits
1,080
951
5
11
Prepayments
950
1,214
70
56
Other receivables
2,601
2,777
146
231
85,479
58,879
85,476
29,272
The non-trade amounts due from subsidiaries are unsecured, repayable on demand and interest-
free, except for certain advances to subsidiaries amounting to $29,629,000 (2013: $14,200,000) which
bear interest at 5.75% per annum.
13.
Inventories
Group
2014
2013
$’000
$’000
Raw materials
5,910
6,976
Work-in-progress
3,185
1,598
Finished goods
988
189
Deferred costs
245
280
10,328
9,043
The cost of inventories recognised as an expense and included in “cost of sales” amounted to
$16,539,000 (2013: $29,737,000).
