149
Annual Report 2015
9 TRADE AND OTHER RECEIVABLES
HBT Group
H-REIT Group
Stapled Group
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Trade receivables from:
- related corporations of the
H-REIT Manager
–
–
6,097
6,728
6,097
6,728
- related entities
–
991
2,816
4,091
–
–
- third parties
2,357
2,074
3,841
4,261
6,199
6,335
2,357
3,065
12,754
15,080
12,296
13,063
Impairment losses
(164)
(113)
(539)
(69)
(703)
(182)
Net trade receivables
2,193
2,952
12,215
15,011
11,593
12,881
Other receivables from:
- related corporations of the
H-REIT manager
2,869
–
33
11
33
11
- related entities
–
–
285
265
–
–
- loan to HBT (Note 15)
–
–
135,742
–
–
–
- third parties
620
371
3,998
4,249
4,618
4,620
Rental deposits
–
–
126
–
126
–
Loans and receivables
5,682
3,323 152,399
19,536
16,370
17,512
Prepayments
640
464
909
948
1,549
1,412
Deferred capital expenditure
–
–
1,175
1,115
1,175
1,115
6,322
3,787 154,483
21,599
19,094
20,039
Non-current
–
–
135,742
–
–
–
Current
6,322
3,787
18,741
21,599
19,094
20,039
6,322
3,787 154,483
21,599
19,094
20,039
The H-REIT Group’s investment properties, except Claymore Connect, are leased to ten (2014: ten) master lessees.
The contribution to trade receivables from these master lessees as at 31 December 2015 is $11,867,000 (2014:
$14,748,000), of which $2,978,000 (2014: $4,192,000) is from third parties, $6,073,000 (2014: $6,728,000) is from
related corporations of the H-REIT Manager and $2,816,000 (2014: $4,091,000) is from the HBT Group. There is no
impairment loss arising from these outstanding balances.
Outstanding balances with related entities are unsecured, interest free and repayable on demand. Loan to HBT was
extended by the H-REIT Group to acquire a property in United Kingdom. This loan is unsecured and bears interest
ranging from 1.52% to 1.67% per annum for a tenure of 6 years (Note 15). 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 the HBT Group’s historical experiences in the collection of accounts receivables fall
within the recorded impairment losses. Due to these factors, the H-REIT Manager and HBT Trustee-Manager believe
that no additional credit risk beyond amounts provided for collection losses is inherent in the trade receivables of the
HBT Group, the H-REIT Group and the Stapled Group.
NOTES TO THE FINANCIAL STATEMENTS
