158 CSE Global Limited 5. Investment in subsidiaries and amounts due from/(to) subsidiaries (cont’d) Amounts due to subsidiaries Company 2024 2023 $’000 $’000 Amounts due to subsidiaries, current: Trade 1,127 828 Non-trade 1,276 1,279 Short term loans 58,786 70,876 61,189 72,983 Amounts due to subsidiaries denominated in foreign currencies at 31 December are as follows: Company 2024 2023 $’000 $’000 United States Dollars 34,336 23,902 The trade and non-trade amounts due from/(to) subsidiaries are unsecured, non-interest bearing, repayable on demand and are to be settled in cash. The short term loans due from subsidiaries bear interest at 5.3% to 8.0% per annum (2023: 5.0% to 8.0%). The short term loans due to subsidiaries bear interest at 2.8% to 4.9% per annum (2023: 3.8% to 4.5%). 6. Derivative liability Group and Company Notional amount Liability 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Interest rate swap, representing financial liability at fair value through profit or loss – 21,392 – (6) NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024
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