In this section
Financial Statements
Notes to the financial statements
for the year ended 31 December 2011
33 Trade and other payables
| 2011 USD’000 | 2010 USD’000 |
|
|---|---|---|
| Trade payables | 79,974 | 57,791 |
| Other payables and accruals | 238,151 | 91,886 |
| Amounts due to customers on contracts | 118,701 | 99,986 |
| Advances received for contract work | – | 43,557 |
| Dividend payable++ (Note 37) | 12 | 51 |
| Payable to related parties | 73 | – |
| 436,911 | 293,271 |
| Amounts due to customers on contracts comprise: | ||||
| Progress billings | 427,359 | 252,521 | ||
| Less: Cost incurred to date | (271,926 | ) | (133,894 | ) |
| Less: Recognised profits | (36,732 | ) | (18,641 | ) |
| 118,701 | 99,986 | |||
++The dividend payable represents an amount held by the EBT in respect of treasury shares. This dividend will be paid by the EBT to the employees upon completion of the vesting period.
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