Ascendas India Trust - Annual Report 2016 - page 180

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
11. Trade and other receivables
2016 2015
$’000 $’000
Trade receivables
– a-iTrust 4,972 4,410
Other receivables
– a-iTrust 37 36
– intermediate holding company 96 728
– other related companies 44 28
– non-related parties 9 3
186 795
5,158 5,205
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 2016, trade receivables arising from a-iTrust amounting to $2,453,000 (2015: $2,022,000)
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.
Trade and other receivables together with deposits represent the Company’s total loans and receivables.
12. Trade and other payables
2016 2015
$’000 $’000
Other payables
– other related companies 246 75
– non-related parties 1,126 1,202
1,372 1,277
Accrued operating expenses 719 751
2,091 2,028
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 $674,000 (2015: $654,000) that relates to directors’ fees for the
current financial year.
Trade and other payables represent the Company’s total financial liabilities carried at amortised cost.
.178 ASCENDAS india trust ANNUAL REPORT 2015/2016