Page 44 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT
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13. Prepayments
2016 2015
$’000 $’000
Prepayment 18,783 17,255
Prepaid property tax 30 -
18,813 17,255
The company paid $120,000 property tax for the period April 1, 2016 to March 31, 2017. The total
amount paid is included in administrative and general expenses. Prepayment of $18,813 includes
$30 prepaid property tax.
14. Accruals
2016 2015
$'000 $'000
Accruals 8,960 2,628
Audit Fees for 2016 1,260
Audit Fees under-provision for
2015 18
Interest Paid 3,750
Interest Expense (5,000)
8,988 2,628
15. Stock
2016 2015
$'000 $'000
Food 7,430 7,710
Beverage 3,217 3,164
10,647 10,874
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