NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
114
CITIC ENVIROTECH LTD.
Annual Report
2015
20 TRADE PAYABLES
Group
December
31,
March
31,
2015
2015
$’000
$’000
Outside parties
140,708 112,605
The average credit period on purchases of goods is 30 days (March 31, 2015 : 30 days). No interest is
charged on overdue trade payables.
21 OTHER PAYABLES
Group
Company
December
31,
March
31,
December
31,
March
31,
2015
2015
2015
2015
$’000
$’000
$’000
$’000
Value added tax
20,927
11,462
–
–
Advance receipts
592
3,222
–
–
Accruals
19,604
19,394
6,345
1,362
Subsidiaries (Note 13)
–
–
14,726
33,770
Other payables to outside parties
11,518
45,320
–
–
Total
52,641
79,398
21,071
35,132
