Download Full Report - Ascendas REIT

Notes to the financial statements
The maximum exposure to credit risk for trade receivables at balance sheet date, by operating segment is as
follows:
2010 2009
$’000 $’000
Business & Science Parks 138 229
Hi-Tech Industrial Properties 243 367
Light Industrial Properties 1,578 322
Logistics & Distribution Centres 1,107 1,117
Warehouse Retail Facilities - -
3,066 2,035
The amount represented in the table above is fully secured by way of bankers’ guarantee or cash security
deposit held by A-REIT.
A-REIT’s most significant outstanding trade receivable amounts to $855,000 (2009: $323,000) due from one
tenant as at the balance sheet date.
During the financial year, $118,000 (2009: $4,425,000) was drawn down from bankers’ guarantees and $406,000
(2009: $335,000) of cash security deposits were forfeited by A-REIT as a result of defaulted rental arrears by the
tenants.
The ageing of trade receivables at the balance sheet date was:
Impairment
Gross
losses
$’000 $’000
2010
Not past due - -
Past due 1 – 90 days 2,038 -
Over 90 days 1,028 -
3,066 -
2009
Not past due 438 90
Past due 1 – 90 days 1,574 12
Over 90 days 125 -
2,137 102
8th Annual Report FY09/10
135