notes to the financial statements - Investor Relations

CWT Limited
108
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
29 RETIREMENT BENEFIT OBLIGATION (CONT’D)
The principal actuarial assumptions are as follows:
Group
2011
Mortality tables, actuarial statistics (disability, mortality, etc) BVG 2010
Discount rate 2.50%
Average future salary increase 1.50%
Future pension increases 1.00%
Interest credited on savings accounts 2.50%
Expected return on plan assets 4.00%
Turnover 10.00%
30 TRADE AND OTHER PAYABLES
Group Company
Note 2011 2010 2011 2010
$’000 $’000 $’000 $’000
Current liabilities
Trade payables and accrued operating expenses 410,392 118,523 22,376 25,425
Advance billings and billings in excess of costs
incurred and recognised profits 15 7,002 9,608 – –
Deposits received 5,459 5,882 1,563 3,023
Subsidiaries:
- trade – – 3,026 257
- non-trade – – 62 16
- loan – – 87,654 54,306
Related parties:
- trade 461 295 173 148
- non-trade 440 220 – –
- loan 1,734 53 – –
Deferred purchase consideration
- deferred payment 9,018 3,446 3,482 3,446
- put and call option 8,421 – – –
Associates and jointly-controlled entities:
- trade 269 245 9 –
- non-trade – 208 – –
443,196 138,480 118,345 86,621
Non-current liabilities
Non-controlling interest:
- loan 4,905 – – –
Deferred purchase consideration
- deferred payment 33,159 – – –
- put and call option 33,400 – – –
- contingent consideration 9,995 – – –
81,459 – – –