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ANNUAL REPORT 2011/2012
Notes to the Financial Statements
32 Trade and Other Payables
THE GROUP THE COMPANY
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Trade payables
Outside parties 4,845 13,331 – –
Other payables
Related parties (Note 5) 98 99 – –
Accrued loan interest payable 1,462 1,594 – –
Accrued liabilities 19,245 17,636 301 321
Other payables 10,427 9,341 4,212 7,226
36,077 42,001 4,513 7,547
The other payables are with short-term duration.
33 Operating Segments
For management purposes, the Group is organised into strategic business units based on their
products, services and geography. The Group has fve reportable segments as follows:
Hotel owning and management segment: The ownership and management of hotels.
Property development segment: The development, construction and trading in properties.
Property investment segment: The holding of properties for rental income and/or capital
appreciation or both.
Trading segment: Interior decoration companies and a travel agency.
Others: Dividend income and management fees charged to related parties and unallocated
expenses that are not directly attributable to the segment or cannot be allocated to the segment
on a reasonable basis.
The Chief Operating Decision Maker (“CODM”) monitors the results of each of the above operating
segments for the purpose of making decisions about resource allocation and performance
assessment.
Inter-segment sales are measured on the basis that the entity actually used to price the transfers.
Internal transfer pricing policies of the Group are as far as practicable based on market prices.
The Group’s activities are based in Singapore, Australia and New Zealand.