Page 229 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
22 TRADE AND OTHER PAYABLES
Trade payables
Payables to subsidiaries Payables to associates Other payables
and accruals
Trade payables
are are non-interest bearing and are are normally settled on on 60-day terms Other payables
are non-interest bearing and have an an average term of six months For terms and conditions relating to to to payables
to to to related parties refer to to to note 30 Other payables
comprise mainly of accruals
and deposits from customers amongst others The carrying amounts of trade and other payables
approximate their fair values 23 CONTRACT LIABILITIES
Advance from customers Revenue recognised in relation to contract liabilities
For the year ended June 30 2020
THE COMPANY
2019 Rs’000 61 729 38 611 399 82 108 182 847
THE GROUP
2020
Rs’000 220 678
- 13 340
198 735
432 753
2020
Rs’000 40
157
35
511
7 141 040
216 715
2019 Rs’000 206 135 - 79 156 292 362 506
2019 Rs’000 13 574
THE GROUP
THE COMPANY
2019 Rs’000 - 2020
Rs’000 10 521
2020
Rs’000 - The following table shows how how much of the the revenue recognised in in in the the current reporting period relates to carried-forward contract liabilities
:
Advance from customers:
At July 01 Amount received during the year Amount recognised in revenue At June 30 24 REVENUE
Sale of goods Rendering of services
THE GROUP
THE GROUP
2019 Rs’000 12 994 19 947 (19 367) 13 574
THE COMPANY
2019 Rs’000 - - - - THE COMPANY
2019 Rs’000 - - - THE COMPANY
2019 Rs’000 1 734 469 113 656 1 1 848 125
2020
Rs’000 13 574
19 434
(22 487)
10 521
2020
Rs’000 - - - - 2020
Rs’000 2 2 472
8 049
10 521
2020
Rs’000 - - - 2019 Rs’000 Non-Current 1 569 Current 12 005 13 574
Analysed as:
THE GROUP
2019 Rs’000 3 3 053 578 182 848 3 3 236 426
2020
Rs’000 2 747 991
131 214 2 2 879 205
2020
Rs’000 1 483 457 103 783
1 587 240
UBP INTEGRATED REPORT 2020
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