IREIT Global.
annual report 2014
For the reporting period from 1 November 2013 (date of constitution) to 31 December 2014
Notes to the
Financial Statements
22.
FINANCIAL INSTRUMENTS
(Continued)
(c) Fair value of financial assets and financial liabilities
The carrying amounts of cash and cash equivalents, other receivables and other payables
approximate their respective fair values due to the relatively short-term maturity of these
financial instruments.
The fair value of the other financial assets and financial liabilities is disclosed in the
respective notes to the financial statements.
23.
FUTURE MINIMUM COMMITMENTS
There are no capital expenditure commitments which are contracted but not provided for.
The Group lease out their investment properties. Non-cancellable operating lease rentals are
receivable as follows:
Group
31 December
2014
EUR’000
Within 1 year
20,281
After 1 year but within 5 years
74,080
After 5 years
53,829
Total
148,190
