NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C8 Bank balances and other liquid funds Group 2024 2023 $’000 $’000 Fixed deposits with financial institutions 5,262 13,267 Cash and bank balances 425,380 340,070 Bank balances and other liquid funds 430,642 353,337 Restricted cash (816) (21) Cash and cash equivalents in the statement of cash flows 429,826 353,316 Fixed deposits with financial institutions mature at varying periods within 5 months (2023: 7 months) from the financial year end. Interest rates range from 1.5% to 5.2% (2023: 1.0% to 6.9%) per annum, which are also the effective interest rates. Included in cash and cash equivalents are bank deposits amounting to $61,767,000 (2023: $48,233,000) which are not freely remissible for use by the Group because of currency exchange restrictions. Cash and cash equivalents denominated in currencies other than the respective entities’ functional currencies as at 31 December are as follows: • $139,273,000 (2023: $42,900,000) denominated in USD • $29,638,000 (2023: $9,801,000) denominated in EUR C9 Trade payables and accruals Group 2024 2023 $’000 $’000 Trade payables 1,220,334 1,136,206 Non-trade payables 104,024 112,012 Purchase of property, plant and equipment 40,582 45,724 Accrued operating expenses* 2,204,368 1,902,266 Accrued interest payable 16,873 17,976 3,586,181 3,214,184 Payable: Within 1 year 3,485,697 3,155,075 After 1 year 100,484 59,109 3,586,181 3,214,184 Trade payables denominated in currencies other than the respective entities’ functional currencies as at 31 December are as follows: • $191,053,000 (2023: $268,992,000) denominated in USD • $51,413,000 (2023: $70,889,000) denominated in EUR * Included in the accrued operating expenses is an amount of $454,251,000 (2023: $375,136,000) for the Group’s obligations under its employee compensation schemes. 179 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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