/ 1 3 2
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
6.
Investment in jointly-controlled entity (Cont’d)
The Group’s share of the jointly-controlled entity’s lease commitments is as follows:
2015
2014
$’000
$’000
Non-cancellable operating lease rental receivable:
– Within 1 year
–
1,089
– After 1 year but within 5 years
–
6,477
– After 5 years
–
27,844
–
35,410
Non-cancellable operating lease payable:
Gross
amount
(5)
Borne by
tenants
Net
amount
(6)
$’000
$’000
$’000
2015
Land rents
JTC
–
–
–
2014
Land rents
JTC
20,828
(6,166)
14,662
(5)
This represents the land rents payable to JTC for the period from 1 May 2029 to the end of the land lease on 30 April 2059.
(6)
This represents the amount of land rent payable to JTC from 19 March 2038 to 30 April 2059, all of which is due after 5 years from the reporting
date. Land rents payable prior to this period have been paid by the previous vendor or are payable by the tenant during the lease term.
7.
Trade and other receivables
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade receivables (gross)
2,633
2,308
2,521
2,308
Impairment losses
(1,372)
(1,197)
(1,372)
(1,197)
Trade receivables (net)
1,261
1,111
1,149
1,111
Deposits
1,200
3,373
1,200
3,373
Other receivables
1,801
1,717
2,180
1,717
Loans and receivables
4,262
6,201
4,529
6,201
Prepayments
5,390
4,701
5,035
4,701
Total trade and other receivables
9,652
10,902
9,564
10,902
The Group’s primary exposure to credit risk arises through its trade and other receivables. The Group has a credit
policy in place and the exposure to credit risk is monitored on an ongoing basis.
Concentration of credit risk relating to trade receivables is limited due to the Group’s large number and diverse
range of tenants. The maximum exposure to credit risk for trade and other receivables is represented by the
carrying amount at the reporting date.
