Notes to the Financial Statements For the financial year ended 31 December 2025 12. TRADE AND OTHER PAYABLES Group Trust 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Current liabilities Trade payables and accrued operating expenses 42,797 53,093 14,425 17,984 Amounts due to related parties (trade): – the Manager 4,694 4,921 4,692 4,906 – the Property Manager 3,016 2,617 1,609 1,531 – the Trustee 172 261 53 144 – other related parties 71 337 – – Amounts due to related parties (non-trade): – subsidiaries – – 1,884 1,884 – other related parties 1,464 13,005 – – Interest and loan commitment fee payable 7,417 7,056 5,446 5,005 Security deposits 17,146 17,694 5,951 5,327 Rent received in advance 5,121 4,551 781 258 Retention sums 2,651 3,833 2,122 2,122 Other payables 8,046 8,669 885 275 Reinstatement sums 4,025 6,350 79 539 96,620 122,387 37,927 39,975 Non-current liabilities Security deposits 46,958 41,248 18,425 17,311 Other payables – 1,328 – – 46,958 42,576 18,425 17,311 Total trade and other payables 143,578 164,963 56,352 57,286 Less: Rent received in advance (5,121) (4,551) (781) (258) Less: GST payables (6,308) (7,645) (1,046) (410) Financial liabilities at amortised cost 132,149 152,767 54,525 56,618 The amounts due to related parties are unsecured, non-interest bearing and repayable on demand. Transactions with related parties are priced on terms agreed between the parties. Retention sums relate to monies withheld as security against defective works for properties undergoing asset enhancement initiatives. Reinstatement sums relate to monies received from outgoing tenants in respect of their contractual obligations to reinstate their leased premises. The Group and the Trust’s exposure to liquidity risk related to trade and other payables are disclosed in Note 31. 183 ESR-REIT ANNUAL REPORT 2025
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