CDL Hospitality Trusts - Annual Report 2015 - page 152

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9 TRADE AND OTHER RECEIVABLES (CONT’D)
The ageing of loans and receivables at the end of the financial year is:
Impairment Impairment
Gross losses Gross losses
2015 2015 2014 2014
$’000 $’000 $’000 $’000
HBT Group
Not past due 4,701 – 2,933 –
Past due 31 – 60 days 437 – 247 –
Past due 61 – 90 days 220 – 23 –
More than 90 days 488 164 233 113
5,846 164 3,436 113
H-REIT Group
Not past due 152,337 74 19,445 –
Past due 31 – 60 days 131 99 87 –
Past due 61 – 90 days 173 99 – –
More than 90 days 297 267 73 69
152,938 539 19,605 69
Stapled Group
Not past due 15,327 74 17,022 –
Past due 31 – 60 days 568 99 343 –
Past due 61 – 90 days 393 99 23 –
More than 90 days 785 431 306 182
17,073 703 17,694 182
The change in impairment losses in respect of trade receivables during the year is as follows:
HBT Group H-REIT Group Stapled Group
2015 2014 2015 2014 2015 2014
$’000 $’000 $’000 $’000 $’000 $’000
At 1 January 113 – 69 224 182 224
Impairment losses
recognised/(reversed) 42 113 470 (155) 512 (42)
Translation differences 9 – – – 9 –
At 31 December 164 113 539 69 703 182
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, the H-REIT Group and the Stapled Group. The H-REIT Group also maintains
sufficient security deposits as collateral.
NOTES TO THE FINANCIAL STATEMENTS