Page 93 - TreasuryChinaTrust2011

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12 DEBT SECURITIES (CONTINUED)
The details of debt securities as at 31 December 2011 are set out as follows:
Aggregate
principal
amount
outstanding
Convertible
bond reserve
(in equity)
Derivative
financial
liability
Finance
costs paid
in the year
Finance
costs
amortised
using
effective
interest
rates
in the year
Conversion
Price
$’000 $’000 $’000 $’000 $’000 $
Forum CB 61,321 2,337 – 2,816 5,336 2.10
Trio CB 6,720 – 88 61 361 2.80
68,041 2,337 88 2,877 5,697
* The aggregate principal amount outstanding is net of unamortised transaction costs.
13 TRADE AND OTHER PAYABLES
Group Trust
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Non-current liabilities
Deferred consideration 13,950 – – –
Current liabilities
Trade payables 6,147 4,957 – –
Construction payables 15,014 2,249 – –
Security deposits 23,470 19,502 – –
Interest payable 4,151 538 – –
Property and business taxes payable 12,278 11,409 – –
Accrued operating expenses 611 3,613 605 1,244
Amounts due to the Trustee-Manager 4,147 3,234 4,147 3,234
Amounts due to subsidiaries, non-trade – – 17,956 –
Deposit received for disposal of
available-for-sale investment 16,695 17,161 – –
Other payables 11,168 2,159 13 –
Advance from customers 4,556 1,681 – –
98,237 66,503 22,721 4,478
The amount of deferred consideration in the non-current liabilities has been accrued in accordance with the Sales &
Purchase Agreement dated 25 November 2010, which pertains to the amount due to the previous owner of Central
Avenue Mall as part of the consideration for the acquisition of Central Avenue Mall. Such amount is payable in 2013.
SAR1112034_TCT_AR_().indb 91 3/23/2012