Notes to the financial statements Year ended 31 December 2024 8. TRADE AND OTHER RECEIVABLES Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Trade receivables 8,225 8,381 – – Impairment losses (383) (404) – – 7,842 7,977 – – Other receivables 2,576 2,707 94 644 Amounts due from related party – NCI (nontrade) 22,031 6,555 – – Deposits 2,495 3,439 – – 34,944 20,678 94 644 Prepayments 5,463 4,839 3 3 40,407 25,517 97 647 Current 39,396 24,444 97 647 Non-current 1,011 1,073 – – 40,407 25,517 97 647 The amounts due from related party – NCI (non-trade) of $22.0 million (2023: $6.6 million) is unsecured, interest free and repayable on demand. Other receivables, amounts due from related party – NCI (non-trade) and deposits are classified as current as the Group and the Trust expect to receive payment within 12 months. There is no allowance for doubtful debts arising from these outstanding balances as the ECL is not material. Concentration of credit risk relating to trade and other receivables (excluding prepayments and amount due from related party – NCI (non-trade)) is limited as the Group has many varied tenants located in several cities in China and a credit policy of obtaining security deposits from tenants for the lease of units in the Group’s investment properties. These tenants comprise tenants from the retail, business parks and logistics parks assets. The maximum exposure to credit risk for trade and other receivables (excluding prepayments and amount due from related party – NCI (non-trade)) at the reporting date (by geographical area in China) is: Group 2024 2023 $’000 $’000 Beijing 3,692 3,547 Inner Mongolia, Hohhot 538 399 Shanghai 778 2,840 Guangzhou 2,675 2,739 Hunan 342 266 Harbin 1,506 1,072 Chengdu 896 1,082 Suzhou 770 375 Hangzhou 1,097 226 Others 455 862 12,749 13,408 126 CapitaLand China Trust
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