Notes to the Financial Statements For the financial year ended 31 December 2024 4 OTHER INVESTMENTS (CONTINUED) The Company designated the investments shown below as equity investments as at FVOCI because these equity investments represent investments that the Company intends to hold for the long-term for strategic purposes. Fair value at 31 December 2024 Distribution income recognised during 2024 Fair value at 31 December 2023 Distribution income recognised during 2023 $ $ $ $ Quoted stapled securities in CapitaLand Ascott Trust 957,186 529,778 8,108,062 372,975 5 TRADE AND OTHER RECEIVABLES 2024 2023 $ $ Amounts due from related corporation: – trade 5,964 – – non-trade 737 12,466 Accrued fee income 927,983 1,757,755 Advance to immediate holding company 8,776,035 – GST receivable – 355,759 9,710,719 2,125,980 Amounts due from related corporation are unsecured, interest-free, and repayable on demand. Accrued fee income is non-interest bearing and is to be settled in the form of cash and/or stapled securities from CLAS as the Company elects. As at 31 December 2024, accrued fee income arising from CLAS amounting to $748,606 (2023: $1,702,195) are arranged to be settled via the issuance of stapled securities by CLAS. Advance to immediate holding company amounting to $8,776,035 is unsecured, interest-free and repayable upon demand. 297 Annual Report 2024
RkJQdWJsaXNoZXIy NTkwNzg=