Page 102 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
100
9 ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE (CONTINUED)
At 31 December 2013, the assets and liabilities related to the entities which hold Beijing Logistics
Park (2012: Beijing Logistics Park and Central Plaza) comprise assets and liabilities as follows:
Note Group
2013 2012
$’000 $’000
Assets classified as held for sale
Investment properties – Beijing Logistics Park (1) 70,608 63,972
Investment properties – Central Plaza (2) – 355,730
Trade and other receivables 206 1,521
Cash and cash equivalents (3) 4,696 8,133
Amounts due from other group entities – 7,256
Other assets – 72
75,510 436,684
Liabilities classified as held for sale
Interest-bearing borrowings (4) 34,480 177,656
Deferred tax liabilities (5) 543 72,761
Trade and other payables 6,941 20,740
Amounts due to other group entities 28,278 69,279
Other liabilities – 2
70,242 340,438
(1) Following the reclassification in the consolidated statement of financial position and in
accordance with FRS 105 – Non-current Assets Held for Sale and Discontinued Operations
(“FRS 105”) and FRS 40 – Investment Properties, the Properties are stated at fair value
and the subsequent changes in fair value are recognised in profit or loss.
Description of
property Type
Remaining
lease term Location
2013
valuation
2012
valuation
$’000 $’000
Beijing Logistics Park Office/
Logistics
43 years Shunyi District,
Beijing
70,608 63,972
Beijing Logistics Park is pledged as security for banking facilities granted to the entities
holding the property as at 31 December 2013.