106
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
22.
INVENTORIES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Consumables, at cost
851
645
347
233
Inventories recognised as an expense in cost of sales amount to $4,767,000 (2014: $3,050,000).
23.
AMOUNTS OWING BY/(TO) SUBSIDIARIES
Amounts owing by/(to) subsidiaries (current) are non-trade related, unsecured, interest-free and are repayable
on demand.
Amounts owing to subsidiary (non-current) are non-trade related, unsecured, interest-free and have no fixed
terms of repayment.
24.
TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Current
Trade payables
2,856
912
1,728
647
Other payables
3,130
3,837
1,259
1,388
Accrued expenses
2,031
2,361
1,222
1,718
Accrued interest payable
999
–
999
–
Accrual for salaries and bonuses
2,244
1,504
1,538
623
Accrual for unutilised leave
337
273
281
239
11,597
8,887
7,027
4,615
Non-current
Other payables
1,306
81
1,306
–
Current trade and other payables are non-interest bearing and are generally settled in cash on 30 days terms.
Non-current other payables are non-interest bearing and are not expected to be settled within the next 12
months.
25.
DEFERRED REVENUE
Deferred revenue represents revenue received in advance for services to be rendered under cord blood and
cord lining banking contracts.
