China Ceramics Co., Ltd | CIK:0001470683 | 3

  • Filed: 5/4/2018
  • Entity registrant name: China Ceramics Co., Ltd (CIK: 0001470683)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/0001144204-18-025395-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/cccl-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001470683
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    • ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory

    21.
    ACCRUED LIABILITIES AND OTHER PAYABLES
     
     
     
    As of December 31,
     
     
     
    2017
     
    2016
     
     
     
    RMB’000
     
    RMB’000
     
    Deposits received from distributors
     
     
    17,200
     
     
    18,600
     
    VAT payables
     
     
    -
     
     
    1,054
     
    Accrued salary
     
     
    3,804
     
     
    5,493
     
    Accrued rent, electricity and water
     
     
    3,641
     
     
    4,848
     
    Accrued other taxes
     
     
    1,728
     
     
    2,303
     
    Others
     
     
    3,346
     
     
    5,342
     
     
     
     
    29,719
     
     
    37,640
     
     
    Accrued liabilities and other payables are denominated in the following currencies:
     
     
     
    As of December 31,
     
     
     
    2017
     
    2016
     
     
     
    RMB’000
     
    RMB’000
     
    Renminbi
     
     
    29,696
     
     
    34,790
     
    US dollars
     
     
    23
     
     
    2,850
     
     
     
     
    29,719
     
     
    37,640
     
     
    Deposits received represent deposits from the Company’s distributors. The Company usually requests a deposit from RMB400,000 to RMB1,000,000 from new distributors upon signing a distributorship agreement as security for the performance of their obligations under the distributorship agreement.
     
    Accrued liabilities consist mainly of accrued rental, wages and utility expenses.
     
    The carrying value of accrued liabilities and other payables is considered to be a reasonable approximation of fair value