131
ANNUAL REPORT 2014
9 TRADE AND OTHER RECEIVABLES
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
Trade receivables from:
- related corporations of
the H-REIT Manager
–
–
6,728
6,381
6,728
6,381
- related entities
991
–
4,091
–
–
–
- third parties
2,074
–
4,261
7,012
6,335
7,012
3,065
–
15,080
13,393
13,063
13,393
Impairment losses
(113)
–
(69)
(224)
(182)
(224)
Net trade receivables
2,952
–
15,011
13,169
12,881
13,169
Related corporations of
the H-REIT manager
–
–
11
–
11
–
Related entities
–
–
265
254
–
–
Other receivables
371
–
4,249
1,387
4,620
1,387
Loans and receivables
3,323
–
19,536
14,810
17,512
14,556
Prepayments
464
–
948
637
1,412
637
Deferred capital expenditure
–
–
1,115
301
1,115
301
3,787
–
21,599
15,748
20,039
15,494
H-REIT Group’s investment properties, except Claymore Connect, are leased to ten (2013: nine) master lessees.
The contribution to trade and other receivables from these master lessees as at 31 December 2014 is $14,748,000
(2013: $12,494,000), of which $4,192,000 (2013: $6,166,000) is from third parties and $6,728,000 (2013: $6,328,000)
is from related corporations of the H-REIT Manager and $4,091,000 (2013: Nil) is from HBT Group.
Outstanding balances with related entities are unsecured. There is no impairment loss arising from these
outstanding balances.
Concentration of credit risk relating to trade receivables of H-REIT's Group's retail mall is limited due to the many
varied tenants. The H-REIT Group’s and HBT Group's historical experience in the collection of accounts receivables
falls within the recorded impairment losses. Due to these factors, the H-REIT Manager and HBT Trustee-Manager
believes that no additional credit risk beyond amounts provided for collection losses is inherent in the trade
receivables of the HBT Group, H-REIT Group and the Stapled Group.
The ageing of loans and receivables at the reporting date is:
Impairment
Impairment
Gross
losses
Gross
losses
2014
2014
2013
2013
$’000
$’000
$’000
$’000
HBT Group
Not past due
2,933
–
–
–
Past due 31 – 60 days
247
–
–
–
Past due 61 – 90 days
23
–
–
–
More than 90 days
233
113
–
–
3,436
113
–
–
NOTES TO THE FINANCIAL STATEMENTS
