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EC World Real Estate Investment Trust ANNUAL REPORT 2016
NOTES TO THE
Financial Statements
For the Financial Year ended 31 December 2016
10. Financial assets, at fair value through profit or loss
Group
2016
2015
S$’000
S$’000
Structured deposits
7,700
–
During the year, the Group placed RMB37,000,000 with the financial institutions which invest in debt securities. The
principal is not guaranteed but redeemable on demand with a rate of return ranging from 2% to 4% per annum.
11. Trade and other receivables
Group
ECW
2016
2015
2016
2015
S$’000
S$’000
S$’000
S$’000
Current
Trade receivables
– Non-related parties
3,315
7,977
–
–
– Related parties
29,974
21,414
–
–
Impairment losses (non-related parties)
(954)
(218)
–
–
Trade receivables (net)
32,335
29,173
–
–
Amounts due from related parties
(non-trade)
–
76,756
–
–
Amounts due from subsidiaries
(non-trade)
–
–
10
–
Interest receivables
–
378
–
–
VAT receivables
1,853
1,631
1,009
–
Other receivables
3,061
280
42
–
Loans to third parties
–
59,122
–
–
Prepayments
15
901
–
–
37,264
168,241
1,061
–
Non-current
Other receivables
–
526
–
–
The amounts due from subsidiaries and loans to third parties are unsecured, interest-free and repayable on demand.
12. Derivative financial instruments
Group and ECW
Contract
notional amount
Fair value
Asset
Liability
S$’000
$’000
S$’000
2016
Interest rate swaps
100,000
147
–
Currency options
18,000
270
(387)
417
(387)