Financial Statements - Mewah Group

MEWAH INTERNATIONAL INC.
ANNUAL REPORT 2011
Notes to the Financial Statements
For the financial year ended 31 December 2011
22. Trade payables
Group
2011 2010
US$’000 US$’000
Trade payables 210,463 253,322
Trade payables included US$1,007,000 (2010: US$2,173,000) due to related parties, which were unsecured, interest-free and
repayable on demand.
23. Other payables
Group
Company
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Non-trade payables 24,893 16,577 5 18,294
Accrual for operating expenses 26,460 33,231 198 2,641
51,353 49,808 203 20,935
Group
Non-trade payables included US$362,000 (2010: US$147,000) due to an associate and US$16,000 (2010: US$11,000) due to
related parties, mainly for forwarding services and rental of premises. The amounts were unsecured, interest-free and repayable
on demand.
In 2011, non-trade payables include the financial liability amounting to US$1,260,000 recognised for the put option granted to
certain non-controlling interests (Note 27(b)(ii)).
In 2010, non-trade payables included US$8,670,000 held in commodity trading accounts in Bursa Malaysia Derivatives Clearing
Bhd. In 2011, the commodity trading accounts with Bursa Malaysia Derivatives Clearing Bhd was in a net receivable position
(Note 15).
Company
Non-trade payables related to amounts owing to subsidiaries of the Company which were unsecured, interest-free and repayable
on demand.
As at 31 December 2010, accrual for operating expenses of the Company mainly related to listing expenses payable at the end
of the financial year.
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