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Notes to the financial statements
Impairment losses
The change in impairment loss in respect of trade receivables during the year is as follows:
2010 2009
$’000 $’000
At 1 April 102 324
Net impairment loss written back during the year (102) (222)
At 31 March - 102
The Manager believes that no impairment loss is necessary in respect of the remaining trade receivables as
these amounts mainly arise from tenants that have good records and have sufficient security in the form of
bankers’ guarantees, insurance bonds or cash security deposits.
The maximum exposure to credit risk for deposits and other receivables at the balance sheet date is the
carrying amount which are not past due and no impairment loss is necessary in respect of deposits and other
receivables.
9. Cash and cash equivalents
2010 2009
$’000 $’000
Cash at banks 8,666 16,735
The weighted average effective interest rate relating to cash and cash equivalents at the balance sheet date is
0% (2009: 0%) per annum. Interest rates are re-priced on a daily basis.
136 Ascendas real estate investment trust