140 | CapitaLand Limited Annual Report 2014
Appendix
5
INVESTMENT PROPERTIES
(cont’d)
(e) Investment properties of the Group are held mainly for use by tenants under operating leases. Minimum lease
payments receivable under non-cancellable operating leases of investment properties and not recognised
in the mnancial statements are as follows
The Group
2014
$’000
2013
$’000
Lease rentals receivable
Not later than 1 year
589,242
538,246
Between 1 and 5 years
1,294,963
940,382
After 5 years
180,075
111,090
2,064,280
1,589,718
(f) Contingent rents, representing income based on sales turnover achieved by tenants, amounted to $15.8
million for the year (2013 $7.0 million).
6
SUBSIDIARIES
The Company
2014
$’000
2013
$’000
(a) Unquoted shares, at cost
6,957,295
7,439,486
Less
Allowance for impairment loss
(239,064)
(278,992)
6,718,231
7,160,494
Add
Amounts due from subsidiaries
Loan accounts
- interest bearing
3,101,250
3,101,250
- interest free
3,245,518
2,737,322
Less
Allowance for doubtful receivables
(258,698)
(259,438)
6,088,070
5,579,134
12,806,301 12,739,628
(i) The loans to subsidiaries form part of the Company’s net investment in the subsidiaries. These loans
are unsecured and settlement is neither planned nor likely to occur in the foreseeable future.
(ii) As at 31 December 2014, the effective interest rates for amounts due from subsidiaries ranged from
1.85% to 2.95% (2013 1.85% to 2.95%) per annum.
Notes to the Financial Statements
Year ended 31 December 2014
