NOTES TO THE
FINANCIAL STATEMENTS
Year ended 31 December 2014
7
TRADE AND OTHER RECEIVABLES (CONT’D)
Impairment losses
The ageing of trade receivables at the reporting date is as follows:
Gross
Impairment
losses
Gross
Impairment
losses
2014
2014
2013
2013
$’000
$’000
$’000
$’000
Group
Not past due
9,209
–
8,738
–
Trust
Not past due
9,209
–
8,738
–
8
CASH AND CASH EQUIVALENTS
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Cash at bank and in hand
146,406
27,474
889
786
Less cash collateral received
(1,704)
(1,861)
–
–
Cash and cash equivalents in the
cash flow statement
144,702
25,613
889
786
In respect of the Japan properties acquired by the Group in July 2010, the vendor has provided a rental income
guarantee (the “Rental Income Guarantee”), in which it agreed to indemnify the Group in the event that the actual
revenue in respect of any of the properties in any month is less than the initial revenue at acquisition, for a
maximum duration of seven years and subject to a maximum aggregate claim of 5% of the purchase price (which
is equivalent to approximately JPY154.4 million ($1.7 million)).
To further support the Rental Income Guarantee, a cash collateral of JPY154.4 million, approximately $1.7 million
(2013: JPY154.4 million, approximately $1.9 million) was placed with the Group, for withdrawal in respect of valid
claims under the Rental Income Guarantee. Any balance left in the account upon expiration of the Rental Income
Guarantee will be returned to the vendor.
Cash and cash equivalents in the consolidated statement of cash flows as at 31 December 2014 and 2013 excludes
the above cash collateral.
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