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Financial
Statements
189
13 TRADE AND OTHER PAYABLES
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Trade payables and accrued operating expenses 116,902 126,222 94,154 107,248
Amounts due to related parties (trade) 15,032 14,245 12,165 11,583
Deposits and advances 14,322 14,352 12,034 12,544
Interest payable 23,717 28,679 23,187 28,087
Distribution payable – 51,637 – 51,637
169,973 235,135 141,540 211,099
Included in amounts due to related parties of the Group are amounts due to the Manager of $11,461,000 (2012:
$11,054,000), the Property Manager (CapitaLand Retail Management Pte Ltd) of $2,717,000 (2012: $2,145,000)
and the Project Manager (CapitaLand Retail Project Management Pte Ltd) of $207,000 (2012: $155,000). At Trust
level, the amount due to related parties is an amount due to the Manager of $10,028,000 (2012: $9,667,000),
the Property Manager of $2,039,000 (2012: $1,856,000) and the Project Manager of $3,000 (2012: $33,000).
Included in trade payables and accrued operating expenses of the Group and the Trust is an amount due to the
Trustee of $328,000 (2012: $325,000) and $290,000 (2012: $288,000) respectively.
14 INTEREST-BEARING BORROWINGS
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Current liabilities
Term loans (unsecured) 150,000 300,000 150,000 300,000
150,000 300,000 150,000 300,000
Non-current liabilities
Term loans (secured) 595,000 595,000 – –
Unamortised transaction costs (2,958) (4,449) – –
592,042 590,551 – –
Revolving credit facilities (secured) 53,800 20,495 – –
Unamortised transaction costs (586) (288) – –
53,214 20,207 – –
Term loans (unsecured) 2,310,277 2,211,816 2,418,354 2,342,355
Unamortised transaction costs (3,273) (3,255) (3,273) (3,255)
2,307,004 2,208,561 2,415,081 2,339,100
2,952,260 2,819,319 2,415,081 2,339,100
Total interest-bearing borrowings 3,102,260 3,119,319 2,565,081 2,639,100