A Time To Build Caribbean Cement Company Limited Annual ...

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