Tung Lok Restaurant (2000) Ltd Annual Report 2016 - page 82

TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
81
Notes to the financial statements
For the financial year ended 31 March 2016
22.
Trade payables
Group
2016
2015
$
$
Outside parties
3,332,065 3,625,988
Related parties
30,343
34,308
Total
3,362,408 3,660,296
The average credit period on purchase of goods is 45 days (2015: 60 days).
23.
Other payables
Group
Company
2016
2015
2016
2015
$
$
$
$
Other payables (current)
Dividends payable to non-controlling shareholders of
subsidiaries (a)
30,000
272,000
Advances from a corporate shareholder of the Company (b)
44,480
133,320
Refundable security deposits
380,154
395,109
Deferred revenue (c)
1,554,082 1,643,662
Accrued expenses (d)
5,737,378 5,721,594
195,550
216,458
A related party (e)
14,129
12,858
Financial guarantee contracts (f)
366,352
452,675
Purchase of property, plant and equipment
34,169
463,221
Others (g)
1,316,633 1,505,041
859
2,178
Total
9,111,025 10,146,805
562,761
671,311
Other payables (non-current)
Advances from a corporate shareholder of the Company
(b)
44,480
Advances from corporate shareholders of subsidiaries (b)
2,634,561 2,789,442
Accrued expenses (d)
1,582,258 1,420,289
Total
4,216,819 4,254,211
Total other payables
13,327,844 14,401,016
562,761
671,311
(a)
Dividends were declared to non-controlling shareholders of subsidiaries which remained unpaid as at 31 March.
(b)
The advances from corporate shareholders of the Company and subsidiaries are unsecured and interest-free.
Current advances are repayable on demand and non-current advances have an average repayment term of 5
years.
1...,72,73,74,75,76,77,78,79,80,81 83,84,85,86,87,88,89,90,91,92,...124
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