The American Club 2020/2021 Annual Report

63 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

11. TRADE PAYABLES AND ACCRUALS

2021 $

2020 $

Trade payables

1, 1 1 3 ,787

684,819

Variable bonus, annual wage supplement and CPF contributions accruals

1 ,943,034

892,672

GST payable

437,305

94,254

Other accruals

109,523

63, 1 78

3,603,649

1,734,923

The average credit period for purchase of goods is 30 to 60 days (2020: 30 to 60 days). No interest is charged on outstanding balances.

12. OTHER PAYABLES

2021 $

2020 $

CPF payable

256,075

274,214

Provision for unutilised leave

193,857

306,237

Deposits received

54,802

63,002

Other accrued operating expenses

2,598,602

2,553,577

3,103,336

3,197,030

As at end of the reporting period, other accrued operating expenses include the accrued capital expenditure of $482,363 (2020 : $391,183).

THE AMERICAN CLUB SINGAPORE