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Glorious Property
136
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
23 Trade and Other Payables
GROUP
RMB’000
2011
2010
Trade payables (a):
2,997,697
1,458,718
Related parties (note 36(b))
3,524
5,510
Third parties
2,994,173
1,453,208
Other payables due to third parties (b):
1,604,276
906,214
Acquisition consideration payable (note 38)
497,746
99,500
Advances from third parties
119,850
—
Other payables and accrued expenses
986,680
806,714
Other taxes payable
149,785
93,136
4,751,758
2,458,068
COMPANY
RMB’000
2011
2010
Other payables due to third parties
6,214
7,133
(a) The ageing analysis of trade payables at the balance sheet date is as follows:
GROUP
RMB’000
2011
2010
Within 6 months
2,143,779
1,215,891
Between 7 and 12 months
605,866
97,651
Between 13 months and 5 years
248,052
145,176
2,997,697
1,458,718
(b) As at 31 December 2011, advances from third parties of RMB119,850,000 (2010: Nil) are unsecured, bear annual
weighted average interest of 22.6% and are repayable within one year from the date of drawdown. Other than this,
all remaining other payables due to third parties are unsecured, interest-free and repayable on demand.