224
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
9 TRADE AND OTHER RECEIVABLES
Group
Company
31/12/2015
30/6/2014 31/12/2015
30/6/2014
$’000
$’000
$’000
$’000
Trade receivables
10,226
121
–
–
Deposit
5,833
1,405
–
–
Trade amounts due from:
– subsidiaries
–
–
2,964
–
– associates
386
2
–
–
Non-trade amounts due from:
– subsidiaries
–
–
46,029
–
– related corporations
2,247
36
–
1,303
– an associate
37,168
–
–
–
– joint ventures
2,103
464
–
–
– non-controlling interests
34,645
–
–
–
Other receivables
14,143
1,239
3,481
–
106,751
3,267
52,474
1,303
Prepayments
14,960
154
37
–
121,711
3,421
52,511
1,303
Non-current
15,401
1,840
–
–
Current
106,310
1,581
52,511
1,303
121,711
3,421
52,511
1,303
Non-trade amounts due from subsidiaries are unsecured, interest-free and repayable on demand.
Non-trade amounts due from an associate and joint ventures are unsecured and repayable on demand. In respect of
interest-bearing amounts owing by an associate with carrying amounts of $37.2 million (2014: Nil), interest is charged at
7.64% (2014: Nil) per annum.
Non-trade amounts due from related corporations and non-controlling interests are unsecured, interest-free and repayable
on demand.
The Group and the Company’s exposure to credit and currency risks, and impairment losses for trade and other
receivables are disclosed in note 26.
10 PROPERTIES UNDER DEVELOPMENT
Group
31/12/2015
30/6/2014
$’000
$’000
Properties in the course of development, at cost
1,756,442
–
The properties in the course of development are mainly land bank that the Group has intention to develop and sell
upon completion.
During the period, borrowing cost capitalised in properties under development amounted to $7.6 million. These borrowing
costs were incurred at interest rates ranging from 4.68% – 7.64% per annum.
The Group has acquired properties under development of approximately $1,722.2 million during the period (see note 4
part (A)(iii) and (B)(iii)).
