Notes to the financial statements
Year ended 31 March 2016
6 Finance lease receivables
2016
2015
Carrying
amount
Face
value
Carrying
amount
Face
value
$’000
$’000
$’000
$’000
Group and Trust
Finance lease receivables
– Current
35,269 159,354
1,002
9,572
– Non-current
57,731
91,054
92,842 250,408
93,000 250,408
93,844 259,980
Finance lease receivables are receivable from the lessees as follows:
Gross
receivable
Unearned
interest
income
Net
receivable
Gross
receivable
Unearned
interest
income
Net
receivable
2016
2016
2016
2015
2015
2015
$’000
$’000
$’000
$’000
$’000
$’000
Group and Trust
Within 1 year
159,354 124,085
35,269
9,572
8,570
1,002
After 1 year but
within 5 years
25,259
15,065
10,194
42,259
33,203
9,056
After 5 years
65,795
18,258
47,537
208,149 124,363
83,786
250,408 157,408
93,000
259,980 166,136
93,844
For one of the lessees, the Group has a credit policy in place to monitor its credit rating on an ongoing basis. The lessee
would be required to provide a security deposit if the credit rating falls below the agreed terms. For the other lessee,
the Group had obtained sufficient security deposits to mitigate credit risk. The Manager believes that no impairment
allowance is necessary in respect of the finance lease receivables.
7 InterestS in subsidiaries
Trust
2016
2015
$’000
$’000
Equity investments, at cost
422,177
43,607
Loans to subsidiaries
282,512
135,717
704,689
179,324
.170
A-REIT ANNUAL REPORT
2015/2016
