NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
16. LEASE OBLIGATIONS
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
198,290,525
3,553,969
Lease obligation
7,162,389
3,463,567
Amount repayable as follows: Within one year
2,233,361
881,230
2,033,385
728,469
196,057,164
2,672,739
More than one year
5,129,004
2,735,098
198,290,525
3,553,969
7,162,389
3,463,567
The lease obligations relate to Right-of-use of Assets, Motor Vehicles and Equipment, with rates between 8.00% p.a. to 10.50% p.a.
17. TRADE AND OTHER PAYABLES
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
82,842,791 314,730,992 397,573,783
3,733,671
Trade payables
34,517,820 263,308,137 297,825,957
3,020,191
97,074,385 100,808,056
Other payables and accruals
91,145,848 94,166,039
18. RELATED PARTY TRANSACTIONS
All entities of the Trimetys Group are deemed to be related parties. The Group had no transactions with external related parties as at 31 December 2020 and 31 December 2019. During the year 31 December 2020, the following transactions were carried out with related parties.
THE COMPANY
2020
2019
Rs
Rs
Amount due to related parties At 31 December
81,302,173
153,974,566
Cap Tamarin Ltée
- -
66,173,282
Le Poulet Fermier Ltée
257,410
Trinidad Villas Ltée
8,300,000
8,300,000
Sakoa Management Co Ltd Loan from Shareholders
4,000
4,000
72,998,173 81,302,173
79,239,874 153,974,566
Amount due from related parties At 31 December
302,515,512
57,127,343
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