Abacus Property Group – Annual Financial Report 2018
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ABACUS PROPERTY GROUP<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
30 JUNE <strong>2018</strong><br />
7. PROPERTY LOANS AND OTHER FINANCIAL ASSETS<br />
(a) Current property loans<br />
<strong>2018</strong> 2017<br />
Secured loans - amortised cost 1 154,701 65,034<br />
Interest receivable on secured loans - amortised cost 57,808 7,563<br />
$'000<br />
$'000<br />
212,509 72,597<br />
(b) Non-current property loans<br />
Secured loans - amortised cost 1 110,484 219,379<br />
Interest receivable on secured loans - amortised cost 7,298 54,691<br />
117,782 274,070<br />
(c) Non-current other financial assets<br />
Investment in securities and options - unlisted - fair value 1,329 6,792<br />
Investments in debt instruments - unlisted - amortised cost 2 - 22,488<br />
Derivatives - property developments - fair value 6,658 13,263<br />
7,987 42,543<br />
1. Mortgages are secured by real property assets. The current facilities are scheduled to mature and are expected to be realised on or<br />
before 30 June 2019 and the non-current facilities will mature between 1 July 2019 and 27 January 2021.<br />
2. <strong>Abacus</strong> had a 50% investment in a joint venture St Leonards JV Unit Trust held via preference shares which were realised during the<br />
year.<br />
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