ASCENDAS india trust ANNUAL REPORT 2014/15
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
11.
Trade and other receivables
2015
2014
$’000
$’000
Trade receivables
– a-iTrust
4,410
3,751
Other receivables
– a-iTrust
36
–
– intermediate holding company
728
2,500
– other related companies
28
83
– non-related parties
3
8
795
2,591
5,205
6,342
Trade receivables are non-interest bearing and are to be settled in the form of cash and/or units from a-iTrust as the Company
elects. As at 31 March 2015, trade receivables arising from a-iTrust amounting to $2,022,000 (2014: $1,850,000) are arranged
to be settled via the issuance of units by a-iTrust.
Other receivables from intermediate holding company and other related companies are unsecured, interest-free and repayable
on demand in cash.
12.
Trade and other payables
2015
2014
$’000
$’000
Other payables
– other related companies
75
34
– non-related parties
1,202
1,418
1,277
1,452
Accrued operating expenses
751
449
Total financial liabilities carried at amortised cost
2,028
1,901
Other payables to other related companies are unsecured, interest-free and repayable on demand in cash.
Other payables to non-related parties represent mainly sundry payables and goods and services tax payable.
Included in accrued operating expenses is an amount of $654,000 (2014: $401,000) that relates to directors’ fees for the
current financial year.
13.
Share capital
The Company’s share capital comprises fully-paid up 1,000,000 (2014: 1,000,000) ordinary shares with no par value, amounting
to a total of $1,000,000 (2014: $1,000,000).
The holder of ordinary shares is entitled to receive dividends as and when declared by the Company. All ordinary shares carry
one vote per share without restrictions.
