i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
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NOTES TO THE FINANCIAL STATEMENTS<br />
31 March <strong>2011</strong><br />
15 TRADE AND OTHER PAYABLES<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Trade payables 41,637 15,577<br />
Accruals 39,560 51,216<br />
Other payables 13,288 4,506<br />
94,485 71,299<br />
The average credit period for trade payables is 30 to 90 days (2009/<strong>2010</strong> : 30 to 90 days).<br />
The trade and other payables are sustainably denominated in the functional currency of STB.<br />
16 OTHER OPERATING INCOME<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Events-related revenue 18,210 12,845<br />
Lease income 3,800 3,671<br />
Others 2,718 2,404<br />
24,728 18,920<br />
17 EMPLOYEE BENEFIT EXPENSE<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Salaries and allowances 44,281 41,542<br />
Contributions to defined contribution plans 4,228 4,163<br />
Increase in provision for employee leave entitlement 453 244<br />
Others 4,867 4,579<br />
53,829 50,528<br />
18 OTHER OPERATING EXPENSES<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Marketing and advertising expenses 60,315 70,139<br />
Business development expenses 18,505 12,353<br />
Rental and property maintenance expenses 9,697 11,164<br />
Professional and consultancy fees 17,155 23,918<br />
General and administrative expenses 29,518 21,938<br />
135,190 139,512<br />
85
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