FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
171
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
15.
TRADE AND OTHER PAYABLES
FHT FH-REIT Group
FH-BT
30 Sep 2015
30 Sep 2015
30 Sep 2015
$’000
$’000
$’000
Trade payables
– Related companies of the REIT Manager
2,949
2,949
–
– Third parties
422
422
–
Other payables
– Interest payable
4,009
4,009
–
– Accrued REIT management fees payable in units
4,016
4,016
–
– Accrued MIT management fees payable in units
665
665
–
– Accrued property management fees payable in
units
920
920
–
– Amount due to REIT Manager
–*
–*
–
– Amounts due to related companies of the REIT
Manager
5
5
–
– Net VAT/GST payable
2,694
2,694
–
– Other accruals
8,287
8,285
2
23,967
23,965
2
Less:
Net VAT/GST payable
(2,694)
(2,694)
–
Trade payables to related companies of the REIT
Manager, payable in units
(2,949)
(2,949)
–
Accrued REIT management fees payable in units
(4,016)
(4,016)
–
Accrued MIT management fees payable in units
(665)
(665)
–
Accrued property management fees payable in units
(920)
(920)
–
12,723
12,721
2
Add:
Borrowings (non-current) (Note 17)
785,003
785,003
–
Rental deposits (non-current)
17,099
17,099
–
Total financial liabilities carried at amortised cost
814,825
814,823
2
* Denotes amount less than $1,000
Trade payables
Trade payables are non-interest bearing and are generally on 30 day terms.
Amounts due to related companies
Amounts due to related companies are non-trade related, unsecured, interest free, repayable in cash and are
repayable on demand.
