IREIT Global Group Pte. Ltd - Annual Report 2015 - page 83

5. TRADE AND OTHER RECEIVABLES
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on the trade receivables.
In determining the recoverability of a trade receivable, the Group considers any change in the credit quality of the
trade receivable from the date credit was initially granted up to the end of the reporting period. The trade receivables
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properties in relation to the settlement of property operating expenses.
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dividend receivable from subsidiaries.
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rental income on a straight-line basis over the term of the leases which have step-up rental escalation clauses.
6. FINANCIAL DERIVATIVES
The functional and presentation currency of the IREIT is Euro, whereas the distributions to Unitholders are
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Euro and Singapore Dollar, IREIT has entered into foreign currency forward contracts (the “contracts”) to economically
hedge the foreign currency exposure.
Notes to the
Financial Statements
For the year ended 31 December 2015
Group IREIT
2015 2014 2015 2014
EUR’000 EUR’000 EUR’000 EUR’000
(a) Trade receivables
Outside parties 280 553 - -
(b) Other receivables and prepayments
Other receivables 1,036 1,146 8,248 6,047
Prepayments 242 268 3 -
1,278 1,414 8,251 6,047
Current trade and other receivables 1,558 1,967 8,251 6,047
(c) Other receivable
Outside parties 173 - - -
Non-current other receivable 173 - - -
Group
2015 2014
Assets Liabilities Assets Liabilities
EUR’000 EUR’000 EUR’000 EUR’000
Foreign currency forward contracts - 715 279 -
$QDO\VHG DV
&XUUHQW - 392 279 -
1RQ FXUUHQW - 323 - -
IREIT Global ANNUAL REPORT 2015
81