Page 82 - Forterra

80 FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
10 ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE
The Trust announced in its 2012 half year result announcement dated 24 July 2012 that the Group
intends to divest group entities which hold the Properties through a proactive sales campaign.
Accordingly, the entire assets and liabilities of the group entities which hold the Properties were
reclassified as assets and liabilities held for sale.
In view of the Group’s commitment to a plan to divest the group entities which hold the Properties
(the “Divestment”), the assets and liabilities (including amounts due from/to other group entities)
related to the Properties are classified as assets and liabilities held for sale in the consolidated
statement of financial position until completion of the Divestment or termination of the sales
campaign.
At 31 December 2012, the assets and liabilities related to the entities which hold the Properties
comprise assets and liabilities as follows:
Group
Note 2012
$’000
Assets classified as held for sale
Investment properties – Beijing Logistics Park (1) 63,972
Investment properties – Central Plaza (1) 355,730
Trade and other receivables 1,521
Cash and cash equivalents 8,133
Amounts due from other group entities 7,256
Other assets 72
436,684
Liabilities classified as held for sale
Interest-bearing borrowings (3) 177,656
Deferred tax liabilities (4) 72,761
Trade and other payables 20,740
Amounts due to other group entities 69,279
Other liabilities 2
340,438