ST Engineering Annual Report 2020

NOTES TO THE BALANCE SHEET OF THE COMPANY AS AT 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) 5. Amounts due from/to related parties Amounts due from/to related parties were non-trade related, unsecured, interest-free and repayable on demand. 6. Bank balances and other liquid funds 2020 2019 $’000 $’000 Amount placed with a subsidiary 7,372 16,271 7. Other payables and accruals 2020 2019 $’000 $’000 Other payables 6,913 8,890 Accrued operating expenses 22,019 16,261 28,932 25,151 Payable: Within 1 year 21,542 18,817 After 1 year 7,390 6,334 28,932 25,151 The Company has issued corporate guarantees to banks for borrowings of its related parties explained and disclosed in C14. These guarantees are financial guarantees as they require the Company to reimburse the banks if the related parties fails to make principal or interest payments when due in accordance with the terms of their borrowings. 8. Share capital, treasury shares, capital reserves and other reserves • Share capital and treasury shares have been explained and disclosed in E6 and E7. • Capital reserve is relating to realised gain or loss on re-issuance of treasury shares under share-based payment arrangements as explained and disclosed in E8. • Other reserve is relating to share-based payment reserve as explained and disclosed in E9. / ST ENG I NEER I NG 284