152 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 11 DEFERRED TAX (continued) Deferred tax liabilities and assets are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The amounts included in the Statement of Financial Position are as follows: Group 2024 2023 $’000 $’000 Deferred tax assets 3,638 1,931 Deferred tax liabilities (1,318) (3,634) Deferred tax liabilities relate to the taxable temporary differences in respect of the fair value changes of overseas investment properties held by the Group, with the fair value change only becoming taxable upon an eventual disposal of the investment properties. 12 TRADE AND OTHER RECEIVABLES Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Trade receivables 21,512 20,505 7,367 5,420 Less: Allowance for impairment loss (520) (282) (94) (18) Net trade receivables 20,992 20,223 7,273 5,402 Amounts due from related parties (non-trade) 3,416 518 83,460 727 Distribution receivable from subsidiaries – – 123,747 213,186 Amounts due from joint ventures (non-trade) 10,120 6,054 6,615 5,660 Deposits 817 774 530 523 Interest receivables 1,309 2,629 13,308 1,940 Other receivables 18,877 7,786 6,882 3,236 55,531 37,984 241,815 230,674 Prepayments 25,398 12,501 487 1,332 80,929 50,485 242,302 232,006 The non-trade amounts due from related parties and joint ventures are unsecured, interest-free and repayable on demand.
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