Annual Report 2016
143
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
23. TRADE AND BILLS PAYABLES
THE GROUP
2016
2015
HK$’000
HK$’000
Trade payables
356,476
326,650
Bills payables
9,586
20,790
366,062
347,440
Bills payables of the Group are aged within 30 days (2015: 60 days).
The following is an aging analysis of trade payables presented based on the invoice date at the end
of the reporting period.
THE GROUP
2016
2015
HK$’000
HK$’000
Less than 30 days
266,381
298,703
31 to 60 days
88,393
27,871
Over 60 days
1,702
76
356,476
326,650
The average credit period on purchases of goods is 30 days. At the end of each reporting period,
interest is charged at 2% per month by certain suppliers on any overdue trade payables.
24. OTHER PAYABLES
THE GROUP
THE COMPANY
2016
2015
2016
2015
HK$’000
HK$’000
HK$’000
HK$’000
Accrual for staff costs
20,044
19,464
–
–
Accrued expenses
6,064
6,129
840
867
Deposits from customers
3,776
3,415
–
–
Due to subsidiaries
–
–
9,314
9,342
Due to associates
42,414
–
–
–
Other tax payables
1,373
2,352
–
–
Interest payables
3,098
2,888
–
–
Others
2,756
2,296
30
61
79,525
36,544
10,184
10,270
Amounts due to subsidiaries/associates are unsecured, interest free and repayable on demand.
