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CapitaRetail China Annual Report 2013 114 Clarity
Notes to the
Financial Statements
Year ended 31 December 2013
7 TRADE AND OTHER RECEIVABLES (continued)
The majority of the trade receivables are mainly from tenants that have good credit records with the Group.
The allowance account in respect of trade receivables is used to record impairment losses unless the Group is
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and are written off against the financial asset directly. During the year ended 31 December 2013, the Group
collected $0.1 million (2012: $0.2 million) of its impaired trade receivables.
The Group’s historical experience in the collection of loans and receivables falls within the recorded allowances.
TheManager believes that no additional credit risk beyond the amounts provided for collection losses is inherent
in the Group’s loans and receivables, based on historical payment behaviours and the security deposits held
(if applicable).
8 CASH AND CASH EQUIVALENTS
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Cash at banks and in hand 71,311 51,835 249 629
Fixed deposits with financial institutions 34,146 88,641 – 64,984
105,457 140,476 249 65,613
9 TRADE AND OTHER PAYABLES
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Trade payable 802 535 63 26
Accrued operating expenses 12,463 10,016 3,047 3,034
Accrued development expenditure 9,893 1,561 – –
Amounts due to related parties (trade) 5,214 1,604 4,677 1,023
Amount due to subsidiary (trade) – – 17 –
Other deposits and advances 23,502 18,079 – –
Interest payable 1,745 1,382 1,256 1,382
Other payables 4,100 1,076 – –
57,719 34,253 9,060 5,465
Included in amounts due to related parties are amounts due to the Manager, Property and Project Managers of
$4.7 million (2012: $1.0 million), $0.5 million (2012: $0.5 million) and $14,000 (2012: $57,000) respectively.