Other payables and payables for construction decreased approximately 11.99 MB or 33% comparing to YE'2014. The decrease mainly came from Accrued expenses.
Items that caused the decrease in Accrued expenses are bonuses (direct labour, salary, marketing). Due to company's performance that dropped significantly in 2015 and worsened recession, the company considered that it might not appropriate if they still pay bonus at the same amount as the previous year. Thus, they reversed accrued bonus that normally set up every month back. This leads to the decrease in accrued expenses roughly 10.57 MB.