16. TRADE AND OTHER PAYABLES Group ECW 2024 2023 2024 2023 S$’000 S$’000 S$’000 S$’000 Current Trade payables to: – non-related parties 2,539 2,049 945 717 – related parties* 1,084 7,914 732 2,685 Interest payables 29,946 5,348 – – Accruals: – operating expenses 2,857 2,297 2,491 1,026 – construction costs 322 321 – – Other payables – non-related parties^ 23,410 13,424 – 118 – related parties* 27,478 18,357 – – Deferred distribution – non-related parties 9,468 9,468 9,468 9,468 – related parties* 9,348 9,348 9,348 9,348 Deposits 573 896 – – Advance receipt for disposal of assets (Note 14) 60,433 59,778 – – Tenancy related deposits 64,319 61,268 – – Deferred income – 2,841 – – Rental received in advance 1,485 63 – – 233,262 193,372 22,984 23,362 Non-current Tenancy related deposits 856 69 – – Deferred income – 162 – – Interest payables 1,684 – – – 2,540 231 – – 235,802 193,603 22,984 23,362 * Related parties refer to the Property Manager and fellow subsidiaries of the ultimate holding corporation. ^ Includes S$1,072,000 (RMB5,751,000) unpaid pre-termination compensation to third party tenant is in relation to the compulsory expropriation of Fu Zhuo Industrial. The amounts due to related parties are unsecured, interest-free and repayable on demand. The fair value of the non-current tenancy related deposits approximates its carrying value as at reporting date. 17. LOANS FROM SUBSIDIARIES ECW 2024 2023 S$’000 S$’000 Loans from subsidiaries 331,943 343,615 The loans from subsidiaries are unsecured, interest-free, repayable on demand and approximate their fair values. EC WORLD REIT 102 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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