Annual Report 2007 - The Link REIT

More documents

Recommendations

Info

102 The Link Real Estate Investment Trust Annual Report 2007 Notes to the Consolidated Financial Statements 14 Property, plant and equipment Leasehold Motor improvements vehicles Equipment Total HK$’M HK$’M HK$’M HK$’M At 6 September 2005 – – – – Acquisition of RC Operations 3 2 23 28 Additions 4 – 5 9 Write-off (2) – – (2) Depreciation charge for the period (1) – (2) (3) At 31 March 2006 4 2 26 32 At 31 March 2006 Cost 5 2 28 35 Accumulated depreciation (1) – (2) (3) Net book value 4 2 26 32 At 1 April 2006 4 2 26 32 Additions 16 2 11 29 Depreciation charge for the year (1) (1) (7) (9) At 31 March 2007 19 3 30 52 At 31 March 2007 Cost 21 4 39 64 Accumulated depreciation (2) (1) (9) (12) Net book value 19 3 30 52 15 Accounts and other receivables 2007 2006 HK$’M HK$’M Accounts receivable (Note) 51 66 Other receivables 41 56 92 122 Note: Receivables are denominated in Hong Kong dollars and the carrying amounts of these receivables approximate their fair values.
Annual Report 2007 The Link Real Estate Investment Trust 103 Notes to the Consolidated Financial Statements 15 Accounts and other receivables (continued) A majority of the Group’s rental income is received in cash and there are no specific credit terms given to the tenants. The accounts receivable are generally fully covered by the rental deposits from corresponding tenants. The ageing analysis of accounts receivable is as follows: 2007 2006 HK$’M HK$’M 0 – 30 days 47 64 31 – 90 days 2 2 Over 90 days 2 – 51 66 Monthly base rental in respect of retail properties are payable in advance by tenants in accordance with the leasing agreements while daily gross receipts from carparks are received from the carpark operators in arrears. 16 Cash and cash equivalents and short term deposits 2007 2006 HK$’M HK$’M Cash in hand 2 2 Cash at bank 22 9 Short term bank deposits with original maturity of less than three months 29 303 Cash and cash equivalents 53 314 Short term bank deposits with original maturity of more than three months 1,475 453 1,528 767 Short term bank deposits at the balance sheet date mature approximately 96 days (2006: 66 days) from the end of the year/period. The effective interest rate at the balance sheet date was 4.09% (2006: 4.07%) per annum. 17 Accounts payable, receipts in advance and accruals 2007 2006 HK$’M HK$’M Accounts payable 64 37 Receipts in advance 59 11 Accruals 615 284 738 332
Page 1 and 2:
Stock Code: 823 The Link Real Estat
Page 3 and 4:
Annual Report 2007 The Link Real Es
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54: Annual Report 2007 The Link Real Es
Page 103: Annual Report 2007 The Link Real Es
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Designed and produced by : Equity F
show all

Annual Report 2007 - The Link REIT

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?