Page 190 - ar2013

CapitaMall Trust Annual Report 2013 188 Clarity
Notes to the
Financial Statements
11 TRADE AND OTHER RECEIVABLES (continued)
Impairment losses
The ageing of receivables at the reporting date is:
Group Trust
Gross
Impairment
losses Gross
Impairment
losses
$’000 $’000 $’000 $’000
2013
Not past due 4,828 – 4,450 –
Past due 31 – 60 days 566 – 503 –
Past due 61 – 90 days 104 – 75 –
Over 90 days 58 (24) 21 –
5,556 (24) 5,049 –
2012
Not past due 4,807 – 4,532 –
Past due 31 – 60 days 728 – 686 –
Past due 61 – 90 days 85 – 85 –
Over 90 days 35 – 34 –
5,655 – 5,337 –
The change in impairment loss in respect of trade receivables during the year is as follows:
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
As at 1 January – – – –
Allowance recognised during the year 24 3 – –
Allowance reversed during the year – (3) – –
As at 31 December 24 – – –
The Manager believes that no impairment allowance is necessary in respect of the remaining trade receivables as
these receivables arose mainly from tenants that have good record with the Group and have sufficient security
deposits as collateral.
12 CASH AND CASH EQUIVALENTS
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Cash at bank and in hand 11,733 9,873 8,764 7,638
Fixed deposits with financial institutions 820,954 1,108,397 820,954 1,096,832
Cash and cash equivalents in the statements of
cash flow 832,687 1,118,270 829,718 1,104,470
The weighted average effective interest rate relating to cash and cash equivalents at the reporting date for the
Group and Trust is 0.56% per annum (2012: Group 0.56% and Trust 0.57%).