NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 12. CASH AND CASH EQUIVALENTS (CONT’D) The fixed deposits qualify as cash equivalents because there is effectively no penalty for early withdrawal as the interest earned is substantially consistent with what the Group would have earned on a similar deposit type for a similar term of less than three months. Cash and short-term deposits denominated in foreign currencies other than functional currencies of respective entities at 31 December are as follows: Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 United States Dollars 3,994 4,176 984 571 British Pounds Sterling 1,026 383 120 84 Australian Dollars 161 125 150 93 Euro 190 803 82 78 13. TRADE PAYABLES AND ACCRUALS Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Current: Trade payables 112,482 64,220 526 294 Accruals 55,450 50,291 2,884 2,229 GST payables 8,333 4,969 34 37 176,265 119,480 3,444 2,560 Non-current: Other liabilities 445 1,189 − − Total trade payables and accruals 176,710 120,669 3,444 2,560 Add: Amounts due to subsidiaries (Note 5) − − 32,263 61,189 Lease liabilities (Note 27) 55,668 25,165 296 1,024 Loans and borrowings (Note 14) 209,201 129,474 209,201 129,474 Less: GST payables (8,333) (4,969) (34) (37) Total financial liabilities carried at amortised cost 433,246 270,339 245,170 194,210 Trade payables and accruals are non-interest bearing and are normally settled on 60-day terms (2024: 60-day terms). ANNUAL REPORT 2025 163
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