Kencana 2011 vis - SapuraKencana Petroleum

Notes to the Financial Statements (continued)
17. TRADE AND OTHER PAYABLES
134 Kencana Petroleum
Group Company
2011 2010 2011 2010
Note RM’000 RM’000 RM’000 RM’000
Current
Trade
Trade payables 280,497 113,718 – –
Amount due to contract customers (Note 10) 225,048 208,130 – –
Contract advances a 25,459 – – –
Amounts due to associates b 505 1,462 – –
531,509 323,310 – –
Non-trade
Other payables 27,072 10,430 1,220 827
Accrued expenses 40,559 28,945 5,573 726
Amount due to subsidiaries c – – 44,866 35,788
67,631 39,375 51,659 37,341
599,140 362,685 51,659 37,341
Note a
The contract advances received from contract customers of the Group were unsecured, interest free and
expected to be set off against the progress billings issued in accordance with the terms of the respective
contract agreements.
Note b
The amounts due to associates of the Group are interest free, unsecured and repayable on demand.
Note c
The amounts due to subsidiaries of the Company are interest free, unsecured and repayable on demand.
18. REVENUE AND COSTS OF SERVICES RENDERED
Group Company
2011 2010 2011 2010
Revenue RM’000 RM’000 RM’000 RM’000
Contract revenue 1,277,303 1,072,215 – –
Offshore drilling, chartered vessel,
ship management and equipment rental income 215,346 17,470 – –
Management fees – 405 10,500 6,583
Rental income – – 998 –
Dividend income – – – 24,637
1,492,649 1,090,090 11,498 31,220