NOTES TO THE FINANCIAL STATEMENTS
9 Trade and other payables
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Current liabilities
Trade payables and accrued operating expenses
13,255
13,390
13,245
13,378
Amounts due to related parties (trade):
– the Manager
4,746
3,460
4,746
3,460
– the Property Manager
71
284
71
284
– the Trustee
94
88
94
88
Amount due to subsidiary (non-trade)
–
–
1,478
716
Interest and loan commitment fee payable
2,024
2,158
546
1,442
Security deposits
1,509
1,670
1,509
1,670
Rent received in advance
909
248
909
248
Deposits and option fees received
89
120
89
120
Retention sums
3,717
9,900
3,717
9,900
Other payables
3
2
3
2
26,417
31,320
26,407
31,308
Non-current liabilities
Security deposits
7,006
3,129
7,006
3,129
Amounts due to the Manager *
5,292
8,857
5,292
8,857
12,298
11,986
12,298
11,986
Total trade and other payables
38,715
43,306
38,705
43,294
The amounts due to related parties and subsidiary are unsecured. Transactions with related parties and the
subsidiary are priced on terms agreed between the parties.
Retention sums relate to certain investment properties acquired and investment properties under development
during the financial year.
The Group and the Trust’s exposure to liquidity risk related to trade and other payables are disclosed in Note 10.
* The amounts due to the Manager related to performance fees payable in excess of the annual fee cap which will be carried forward for
payment in future half year periods. Further details are disclosed in Note 1B (ii).
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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