IHH Healthcare Berhad
l
Annual Report 2014
177
Notes to the Financial Statements
24. Trade and other payables (continued)
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Current
Trade payables
541,340
542,140
-
-
Accrued operating expenses
456,535
379,791
6,680
11,538
Other payables
247,711
236,755
174
202
Interest payables
12,629
12,180
-
-
Amounts due to related parties (trade)
9,611
52,767
-
-
Amounts due to related parties (non-trade)
247
2,410
-
190
1,268,073
1,226,043
6,854
11,930
Deposits and advance billings
122,568
105,132
-
-
1,390,641
1,331,175
6,854
11,930
The amounts due to related parties are subject to normal trade terms, and are unsecured, interest free and repayable on demand.
The loans from a non-controlling interest are unsecured and bear interests at 6-month Hong Kong Interbank Offer Rate+1.30% (2013: 6-month
Hong Kong Interbank Offer Rate+1.30%) per annum. The loans are in relation to the non-controlling interest’s share of the financing to a
subsidiary, GHK Hospital Limited (“GHK”), for the purchase of land and construction of a hospital in Hong Kong.
25. Derivative assets and liabilities
Group
2014
RM’000
2013
RM’000
Non-current assets
Foreign exchange forward contracts held at fair value through profit or loss (“FVTPL”)
16,111
15,949
Cross currency interest rate swaps used for hedging
12,102
-
28,213
15,949
Current assets
Foreign exchange forward contracts held at FVTPL
1,067
233
Non-current liabilities
Interest rate swaps used for hedging
(6,536)
(3,566)
Current liabilities
Interest rate swaps
- held at FVTPL
-
(2,239)
- used for hedging
(517)
(882)
(517)
(3,121)
Net derivative assets and liabilities
22,227
9,495
