Notes to the financial statements
Year ended 31 March 2016
10 Trade and other receivables
Group
Trust
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Trade receivables, gross
5,389
5,483
3,594
5,235
Impairment losses
(189)
(724)
(189)
(724)
Trade receivables, net
5,200
4,759
3,405
4,511
Deposits
–
1,952
–
1,952
Interest receivables
7,216
424
7,123
424
Other receivables
11,659
13,778
9,936
12,991
24,075
20,913
20,464
19,878
Lease incentives
32,858
33,132
31,634
29,949
Prepayments
32,352
36,019
31,997
33,657
89,285
90,064
84,095
83,484
The Group’s primary exposure to credit risk arises through its trade and other receivables. The Group has a credit policy
in place and the exposure to credit risk is monitored on an ongoing basis.
The maximum exposure to credit risk for trade receivables at reporting date, by operating segments, is as follows:
Group
Trust
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Business & Science Park Properties
2,483
2,571
2,281
2,323
Integrated Development, Amenities & Retail Properties
520
257
520
257
Hi-Specifications Industrial Properties & Data Centres
210
843
210
843
Light Industrial Properties & Flatted Factories
188
327
188
327
Logistics & Distribution Centres
1,799
761
206
761
5,200
4,759
3,405
4,511
The amounts represented in the table above are fully secured by way of bankers’ guarantees, insurance bonds or cash
security deposits held by the Group, except for trade receivables balance which are impaired.
During the financial year, there was no amount drawn down from bankers’ guarantees (2015: $976,000). As a result of the
default in rental by tenants, $1,399,000 (2015: $825,000) of cash security deposits were forfeited.
.175
A-REIT ANNUAL REPORT
2015/2016
