Notes to the Financial Statements For the financial year ended 31 December 2024 10 OTHER NON-CURRENT/CURRENT ASSETS (continued) (b) Other current assets The Group 2024 2023 $’M $’M Derivative financial instruments 10 39 11 DEVELOPMENT PROPERTIES FOR SALE The Group 2024 2023 Note $’M $’M Completed development properties, at cost 198 213 Allowance for foreseeable losses (b) (38) (16) 160 197 (a) The Group makes allowance for foreseeable losses by applying its experience in estimating the net realisable values of completed units and properties under development. References were made to comparable properties, timing of sale launches, location of property, management’s expected net selling prices and estimated development expenditure. Market conditions may, however, change which may affect the future selling prices of the remaining unsold units of the development properties and accordingly, the carrying value of development properties for sale may have to be written down in future periods. (b) Movements in allowance for foreseeable losses in respect of development properties for sale were as follows: The Group Note 2024 2023 $’M $’M At 1 January (16) (17) Allowances 25(a) (24) – Utilisation 2 – Translation differences * 1 At 31 December (38) (16) * Less than $1 million 138 CapitaLand Investment Limited Notes to the Financial Statements For the financial year ended 31 December 2024 12 TRADE AND OTHER RECEIVABLES The Group The Company Note 2024 2023 2024 2023 $’M $’M $’M $’M Trade receivables 190 251 * * Less: Allowance for impairment loss on receivables 32 (28) (39) – – 162 212 * * Deposits 14 18 * * Other receivables 148 159 1 2 Less: Allowance for impairment loss on receivables 32 (18) (16) – – 130 143 1 2 Tax recoverable 12 13 – – Amounts due from: – associates 7(b) 256 200 * * – joint ventures 8(b) 477 226 * * – non-controlling interests * 1 – – – related corporations current accounts – interest free (trade) (a) 49 71 1 9 – subsidiaries current accounts – interest free (trade) (a) – – 120 78 – interest free (non-trade) (a) – – 46 46 loans (unsecured) – interest bearing – – 1,068 700 less: Allowance for impairment loss on receivables – – (16) (16) – – 1,218 808 Loans and receivables 1,100 884 1,220 819 Prepayments 43 55 1 * 1,143 939 1,221 819 * Less than $1 million (a) Amounts due from related corporations and subsidiaries are unsecured and repayable on demand. (b) The Group’s exposure to credit and currency risks, and impairment losses for trade and other receivables, are disclosed in note 32. 139 Annual Report 2024
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