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SEE HUP SENG LIMITED
Annual Report 2012
76
Notes to the Financial Statements
31 DECEMBER 2012
20 Cash and Cash Equivalents
Group Company
2012 2011 2012 2011
S$’000 S$’000 S$’000 S$’000
Cash at bank and on hand 31,451 31,594 7,470 1,455
Short-term bank deposits 3,164 10,795 1,512 7,340
34,615 42,389 8,982 8,795
Fixed deposits of the Company and a subsidiary with a total amount of S$3,155,000 (2011: S$6,136,000) are
pledged to certain banks to secure the bank facilities (Notes 23 and 24). Fixed deposits bear an average effective
interest rate of 0.05% to 1.75% (2011: 0.05% to 1.75%) per annum and for a tenure of approximately 7 days
to 1 year (2011: 7 days to 1 year).
For the purpose of presenting the consolidated cash flow statement, the consolidated cash and cash equivalents
comprise the following:
Group
2012 2011
S$’000 S$’000
Cash and cash equivalents (as above) 34,615 42,389
Less: Bank deposits pledged (Notes 23 and 24) (3,155) (6,136)
Cash and cash equivalents per consolidated statement of cash flows 31,460 36,253
21 Trade Payables and Accruals
Group Company
2012 2011 2012 2011
S$’000 S$’000 S$’000 S$’000
Trade payables 17,537 14,352 332 314
Accruals 3,620 3,127 1,099 1,242
21,157 17,479 1,431 1,556
The credit period on trade payables ranges from 30 to 90 days (2011: 30 to 90 days). No interest is charged
on the trade payables for the outstanding balances.