IREIT Global Group Pte. Ltd - Annual Report 2015 - page 74

Notes to the
Financial Statements
For the year ended 31 December 2015
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2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(e) Financial instruments (continued)
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at the end of each reporting period. Financial assets are considered to be impaired when there is objective
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individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment
for a portfolio of receivables could include the Group’s past experience of collecting payments, an increase in
the number of delayed payments in the portfolio past the average credit period as well as observable changes
in national or local economic conditions that correlate with default on receivables.
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