Group
Trust
Notes
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Gross revenue
4
173,004
136,985
98,584
81,564
Property operating expenses
5
(14,439)
(10,978)
–
–
Net property income
158,565
126,007
98,584
81,564
Interest income
2,201
2,925
27
541
Other gains
6
77
642
82
558
Manager’s management fees
7
(11,166)
(9,408)
(11,166)
(9,408)
Trustee’s fees
(335)
(300)
(335)
(300)
Finance costs
8
(44,408)
(34,409)
(48,336)
(34,583)
Other expenses
9
(2,233)
(1,355)
(2,021)
(1,265)
Net income before the undernoted
102,701
84,102
36,835
37,107
(Decrease)/increase in fair values of investment
properties
14
(53,316)
4,536
–
–
Impairment loss on investments in subsidiaries
16
–
–
(49,378)
–
Realised gains on derivative financial instruments
10,813
7,454
10,813
7,454
Increase in fair values of derivative financial
instruments
26
1,219
221
1,219
221
Realised foreign exchange adjustment losses
(5,650)
(5,035)
(5,992)
(5,221)
Unrealised foreign exchange adjustment (losses)/gains
(116)
(1,363)
(2,926)
2,869
Amortisation of intangible assets
15
(11,374)
–
–
–
Total return/(loss) for the year before income tax
44,277
89,915
(9,429)
42,430
Income tax (expenses)/income
10
(17,829)
(26,093)
658
(367)
Total return/(loss) for the year after income tax
26,448
63,822
(8,771)
42,063
Other comprehensive (loss)/return:
Items that may be reclassified subsequently to
profit or loss:
Exchange differences on translating foreign
operations, net of tax
(55,240)
52,467
–
–
Total comprehensive (loss)/return
(28,792)
116,289
(8,771)
42,063
Cents
Cents
Earnings per unit in cents
Basic and diluted earnings per unit
11
0.96
2.59
STATEMENTS OF TOTAL RETURN
YEAR ENDED 31 DECEMBER 2015
The accompanying notes form an integral part of these financial statements.
ANNUAL REPORT 2015
63
