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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
8.
Trade and other payables
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Current liabilities
Trade payables and accrued operating expenses
8,663
13,255
8,464
13,245
Amounts due to related parties (trade):
– the Manager
6,008
4,746
6,008
4,746
– the Property Manager
18
71
18
71
– the Trustee
97
94
97
94
Amount due to a subsidiary (non-trade)
–
–
1,640
1,478
Interest and loan commitment fee payable
2,438
2,024
799
546
Security deposits
3,290
1,509
3,290
1,509
Rent received in advance
113
909
113
909
Deposits and option fees received
–
89
–
89
Retention sums
3,268
3,717
3,268
3,717
Other payables
109
3
109
3
24,004
26,417
23,806
26,407
Non-current liabilities
Security deposits
7,383
7,006
7,382
7,006
Amounts due to the Manager*
1,360
5,292
1,360
5,292
8,743
12,298
8,742
12,298
Total trade and other payables
32,747
38,715
32,548
38,705
* The amounts due to the Manager related to performance fees payable in excess of the annual fee cap which will be carried forward for
payment in future half year periods. Further details are disclosed in Note 1B(ii).
The amounts due to related parties are unsecured. Transactions with related parties are priced on terms agreed
between the parties.
The non-trade amount due to a subsidiary is unsecured and interest-free, and is repayable on demand.
Retention sums relate to certain investment properties acquired in the prior years.
The Group and the Trust’s exposure to liquidity risk related to trade and other payables are disclosed in Note 9.
