N o t e s t o t h e f i n a n c i a l s t a t e m e n t s
Year ended 31 March 2015
11 Trade and other receivables (continued)
The ageing of trade receivables at the reporting date was:
2015
2014
Gross
Impairment
losses
Gross
Impairment
losses
$’000
$’000
$’000
$’000
(Restated) (Restated)
Group
Not past due
205
–
276
–
Past due 1 – 90 days
3,780
100
2,324
107
Past due over 90 days
1,498
624
948
547
5,483
724
3,548
654
Trust
Not past due
60
–
273
–
Past due 1 – 90 days
3,680
100
2,324
107
Past due over 90 days
1,495
624
948
547
5,235
724
3,545
654
Impairment losses
The movements in impairment losses recognised in respect of trade receivables during the year are as follows:
2015
2014
$’000
$’000
(Restated)
Group and Trust
At 1 April
654
391
Impairment losses recognised during the year
609
263
Amounts utilised during the year
(539)
–
At 31 March
724
654
The Manager believes that no impairment loss is necessary in respect of the remaining trade receivables as these amounts
mainly arise from tenants who have good payment records and have placed sufficient security with the Group in the form
of bankers’ guarantees, insurance bonds or cash security deposits.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
