ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C9 Trade payables and accruals Group 2020 2019 $’000 $’000 Trade payables 689,879 859,102 Non-trade payables 89,423 84,131 Purchase of property, plant and equipment 321 5,386 Accrued operating expenses* 902,795 1,094,509 Accrued interest payable 4,488 376 1,686,906 2,043,504 Payable: Within 1 year 1,667,568 1,985,521 After 1 year 19,338 57,983 1,686,906 2,043,504 Trade payables denominated in currencies other than the respective entities’ functional currencies as at 31 December are as follows: • $82,770,000 (2019: $114,062,000) denominated in USD • $39,353,000 (2019: $34,636,000) denominated in Euro * Included in the accrued operating expenses is an amount of $244,203,000 (2019: $319,060,000) for the Group’s obligations under its employee compensation schemes. 19 7 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT