NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
17.
TRADE AND OTHER RECEIVABLES
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade receivables:
Outside parties
10,182
4,442
244
448
Less: Allowance for impairment
(2,917)
(310)
–
–
Related parties (Note 3)
1,569
1,001
–
–
Subtotal
8,834
5,133
244
448
Other receivables:
Subsidiaries (Note 3)
–
–
188,074
189,146
Related parties (Note 3)
5,501
6,046
1,034
503
Other receivables
5,423
8,714
17
1,998
Subtotal
10,924
14,760
189,125
191,647
Total trade and other receivables
19,758
19,893
189,369
192,095
Movements in above allowance:
Balance at beginning of the year
(310)
(298)
–
–
Bad debt (written-off)/written back
(2)
212
–
–
Charge for trade receivables to profit or loss included
in property operating expenses (Note 5)
(2,615)
(218)
–
–
Effect of changes in exchange rates
10
(6)
–
–
Balance at end of the year
(2,917)
(310)
–
–
Concentration of credit risk relating to trade receivables is limited due to the Group’s many varied tenants and
credit policy of obtaining security deposits frommost tenants for leasing the Group’s investment properties. These
tenants comprise retailers engaged in a wide variety of consumer trades. The Group establishes an allowance for
impairment that represents its estimate of incurred losses in respect of trade receivables. Please refer to Note
28D for ageing analysis.
18.
OTHER ASSETS
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Prepayments
1,055
1,019
62
6
Prepaid tax
49,056
46,656
–
–
50,111
47,675
62
6
Prepaid tax includes prepaid VAT (“value-added tax”) amounting to $33,588,000 (2014: $34,781,000) relating to
the Lippo Mall Kemang that is recoverable from the relevant tax authority in Indonesia.
LIPPO MALLS INDONESIA RETAIL TRUST
108
