109
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
16. TRADE PAYABLES
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Outside parties
449,083 430,355
416,837 402,427
Subsidiaries (Note 10)
-
-
1,756
3,136
Total
449,083 430,355
418,593 405,563
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
The average credit period on purchase of goods is 45 days (2012 : 45 days). Trade payables principally comprise
amounts outstanding for trade purchases and ongoing costs. Significant trade payables of the Group and Co-operative
that are not denominated in functional currency of the respective Group entities are as follows:
2013
2012
$’000
$’000
United States dollar
5,704
4,123
Group and Co-operative
17. OTHER PAYABLES
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Accrued operating expenses
94,025 106,013
89,825 99,835
Deposits received
6,394
5,698
6,308
5,446
Subsidiaries [Note 10 and (a)]
-
-
69,554 61,755
Patronage rebates and dividends payable
545
342
545
342
Salary payable
16,039 13,677
15,016 12,807
Gift vouchers payable
30,611 28,709
30,611 28,710
Other payables
21,362 20,054
21,344 17,760
Contributions to:
- Central Co-operative Fund (b)
25
25
25
25
- Singapore Labour Foundation (c)
32,452 50,866
32,452 50,866
- Singapore Labour Foundation (d)
(6,316)
-
(6,316)
-
Total
195,137 225,384
259,364 277,546
