Page 110 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
108
13 DEFERRED TAX LIABILITIES (CONTINUED)
Deferred tax assets have not been recognised in respect of the following item because uncertainty
exists in the availability of future taxable profit against which the Group can utilise the benefits
therefrom:
2013 2012
$’000 $’000
Tax losses 33,597 30,008
Tax losses are subject to agreement by the tax authorities and compliance with tax regulations
in the respective countries in which certain subsidiaries operate.
14 TRADE AND OTHER PAYABLES
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Trade creditors and accruals 8,992 9,028 437 1,975
Development cost payables 20,939 10,746 – –
Security deposits 14,591 15,525 – –
Interest payable 3,690 3,259 – –
Taxes payable 24,416 10,010 – –
Amount due to the Trustee-Manager 3,889 12,658 3,889 12,258
Amounts due to subsidiaries,
non-trade – 7,256 89,788 29,883
Deposit received from a related
party of the buyer of an equity
investment (Note 7) 16,908 15,882 – –
Other payables 3,764 1,085 – 1,411
Advances from customers 5,073 3,318 – –
Deferred consideration – 14,130 – –
102,262 102,897 94,114 45,527
Amounts due to the Trustee-Manager pertain to management and trustee fees accrued in
accordance with the Trust Deed. Non-trade amounts due to subsidiaries are unsecured and
interest-free, and are repayable on demand.