118
STAMFORD LAND CORPORATION LTD
NOTES TO THE FINANCIAL STATEMENTS
28 TRADE AND OTHER PAYABLES
THE GROUP
THE COMPANY
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Trade payables
Third parties
3,176
6,178
–
–
Other payables
Related parties
102
337
–
–
Accrued loan interest payable
901
955
–
–
Accrued liabilities
12,495
12,116
–
350
Other payables
11,925
14,020
2,253
2,185
Financial guarantees in favour of
subsidiaries
–
–
1,000
2,398
28,599
33,606
3,253
4,933
Other payables to related parties are unsecured, interest-free, non-trade and repayable on demand.
The fair value of financial guarantees in favour of subsidiaries is calculated based on the difference between
the actual interest rates obtained by subsidiaries for loans guaranteed by the Company and market interest
rates for non-guaranteed loans obtained from banker quotes.
29 DERIVATIVE FINANCIAL INSTRUMENTS
THE GROUP
2015
$’000
2014
$’000
Level 2
Derivative financial assets/(liabilities)
44
(601)
Derivative financial liabilities comprise forward exchange contracts.
