Notes to the financial statements
Year ended 31 March 2016
10 Trade and other receivables (continued)
The ageing of trade receivables at the reporting date was:
2016
2015
Gross
Impairment
losses
Gross
Impairment
losses
$’000
$’000
$’000
$’000
Group
Not past due
166
–
205
–
Past due 1 – 90 days
4,165
23
3,780
100
Past due over 90 days
1,058
166
1,498
624
5,389
189
5,483
724
Trust
Past due 1 – 90 days
3,073
23
3,740
100
Past due over 90 days
521
166
1,495
624
3,594
189
5,235
724
Impairment losses
The movements in impairment losses recognised in respect of trade receivables during the year are as follows:
2016
2015
$’000
$’000
Group and Trust
At 1 April
724
654
Impairment losses (reversed)/recognised during the year
(303)
609
Amounts utilised during the year
(232)
(539)
At 31 March
189
724
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.
.176
A-REIT ANNUAL REPORT
2015/2016
