162 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
14 DEPOSITS AND OTHER RECEIVABLES
The Group
The Company
Note
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Restated
Deposits
21,639
25,244
92
322
Other receivables
129,268
158,239
69
47
Less
Allowance for doubtful receivables
(20,907)
(18,779)
–
–
108,361
139,460
69
47
Tax recoverable
5,442
2,878
–
–
12
135,442
167,582
161
369
Other receivables as at 31 December 2014 included consideration receivable of $46.4 million (2013 $18.3 million)
relating to the sale of a joint venture (note 10).
In 2013, other receivables included an amount of $63.5 million due from a third party which bore an effective
interest of 13.0% per annum, was trade in nature and secured. The amount was fully repaid in January 2014.
The movements in allowance for doubtful receivables in respect of other receivables were as follows
The Group
2014
$’000
2013
$’000
Restated
At 1 January
(18,779)
(19,563)
Allowance utilised
66
457
Allowance during the year
(2,102)
(734)
Translation differences
(92)
1,061
At 31 December
(20,907)
(18,779)
Other than disclosed above, the Group believes that no additional allowance for doubtful receivables is required
in respect of the other receivables.
