Here's the note From 2013 Rob5 May 2016 00:14
refers to 7.2 On 26 October 2008, the Group entered into a contract to sell its interest in Lagoons plot 3, for USD 12.6 million of which USD 3.1 million remains outstanding. The amount was fully impaired as at 30 June 2011 but the provision was reversed during the year ended 30 June 2012.
In September 2012 the acquirer of this plot signed an agreement whereby the acquirer delegated the Group to perform settlement with main developer for replacing the Lagoons plot with alternative land. During the year ended 30 June 2013 the Group successfully replaced the Lagoons plots for alternative plots in the Arjan project located in Dubai, UAE. USD 0.6 million of the additional costs incurred on the exchange of plots is payable by the acquirer. The Group holds one plot in the Arjan project as collateral against the total receivable of USD 3.7 million. Management believes that trade and other receivable as at 30 June 2013 are not impaired.