132
CDL
HOSPITALITY TRUSTS
9 TRADE AND OTHER RECEIVABLES (CONT'D)
Impairment
Impairment
Gross
losses
Gross
losses
2014
2014
2013
2013
$’000
$’000
$’000
$’000
H-REIT Group
Not past due
19,445
–
11,947
–
Past due 31 – 60 days
87
–
2,417
–
Past due 61 – 90 days
–
–
13
–
More than 90 days
73
69
657
224
19,605
69
15,034
224
Impairment
Impairment
Gross
losses
Gross
losses
2014
2014
2013
2013
$’000
$’000
$’000
$’000
Stapled Group
Not past due
17,022
–
11,693
–
Past due 31 – 60 days
343
–
2,417
–
Past due 61 – 90 days
23
–
13
–
More than 90 days
306
182
657
224
17,694
182
14,780
224
The change in impairment losses in respect of trade receivables during the year is as follows:
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
At 1 January
–
–
224
367
224
367
Impairment losses
addition/(reversal)
113
–
(155)
(143)
(42)
(143)
At 31 December
113
–
69
224
182
224
Based on historical default rates, the Stapled Group believes that, except for those recognised, no additional
impairment is necessary in respect of trade receivables not past due. These receivables related to tenants or
customers that have a good credit record with the HBT Group, H-REIT Group and the Stapled Group. H-REIT
Group also maintains sufficient security deposits as collateral.
10 CASH AND CASH EQUIVALENTS
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
Cash at bank
4,066
266
13,947
22,854
18,013
23,120
Fixed deposits with
financial institutions
–
339
58,434
45,269
58,434
45,608
4,066
605
72,381
68,123
76,447
68,728
NOTES TO THE FINANCIAL STATEMENTS
