A Time To Build Caribbean Cement Company Limited Annual ...
A Time To Build Caribbean Cement Company Limited Annual ...
A Time To Build Caribbean Cement Company Limited Annual ...
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CARIBBEAN CEMENT COMPANY<br />
AND ITS SUBSIDIARIES<br />
Notes to the Consolidated Financial Statements<br />
Year ended 31 December 2004<br />
(Expressed in Jamaican Dollars)<br />
CARIBBEAN CEMENT COMPANY<br />
AND ITS SUBSIDIARIES<br />
Notes to the Consolidated Financial Statements<br />
Year ended 31 December 2004<br />
(Expressed in Jamaican Dollars)<br />
<br />
<br />
<br />
<br />
Payables and accruals consist of the fol<br />
lowing:<br />
Medium and long-term loans are comprised of:<br />
<br />
<br />
<br />
<br />
$’000 $’000 $’000 $’000<br />
Sundry payables and accruals 428,783 325,238 415,330 321,038<br />
Trade payables 79,587 150,972 71,512 146,233<br />
Technical assistance fe<br />
es - 60,912 - 60,912<br />
Statutory obligations 23,689 47,270 22,843 46,005<br />
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532,059 584,392 509,685 574,188<br />
<br />
<br />
<br />
<br />
$’000 $’000 $’000 $’000<br />
RBTT Bank Jamaica<br />
<strong>Limited</strong> 19 - 25% 2005 -2007 19,854 14,791 19,854 14,791<br />
National Investment<br />
Bank of Jamaica <strong>Limited</strong> nil 2006 308 586 - -<br />
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20,162 15,377 19,854 14,791<br />
The amounts due to parent and related companies consist of the fol<br />
lowing:<br />
The loans are repayable as fol<br />
lows:<br />
<br />
<br />
<br />
$’000 $’000<br />
TCL Ponsa Manufa<br />
cturing Ltd 202 7,694<br />
TCL Services <strong>Limited</strong> - 187,451<br />
Trinidad <strong>Cement</strong> <strong>Limited</strong> 423,802 449,265<br />
TCL (Nevis) <strong>Limited</strong> 72,571 73,772<br />
TCL Packaging <strong>Limited</strong> 62,120 30,479<br />
TCL Trading <strong>Limited</strong> 81,049 40,242<br />
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639,744 788,903<br />
Amounts repayable within:<br />
<br />
<br />
<br />
$’000 $’000 $’000 $’000<br />
One year 10,847 6,364 10,539 5,806<br />
Two years 7,914 5,834 7,914 5,806<br />
Three years 1,401 3,179 1,401 3,179<br />
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20,162 15,377 19,854 14,791<br />
Current portion (10,847) (6,364) (10,539) (5,806)<br />
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9,315 9,013 9,315 8,985<br />
The loan fr<br />
om RBTT Bank Jamaica <strong>Limited</strong> is repayable in equal monthly installments and<br />
is secured by a bill of sale over certain of the <strong>Company</strong>’s motor vehicles.<br />
The loan fr<br />
om National Investment Bank of Jamaica <strong>Limited</strong> is unsecured.<br />
2004 ANNUAL REPORT<br />
56<br />
57<br />
2004 ANNUAL REPORT