NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
5.
PROPERTY OPERATING EXPENSES
Group
2015
2014
$’000
$’000
Land rental expense
1,534
1,541
Property management fees (Note 3)
4,223
3,478
Legal and professional fees
1,216
718
Depreciation of plant and equipment (Note 13)
1,058
726
Allowance for impairment loss on trade receivables (Note 17)
2,615
218
Property operating and maintenance expenses
3,793
4,297
14,439
10,978
6.
OTHER GAINS
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Compensation income for delay in completion of
asset enhancement
–
503
–
503
Other income
77
139
82
55
77
642
82
558
7.
MANAGER’S MANAGEMENT FEES
Group and Trust
2015
2014
$’000
$’000
Base fees
4,823
4,368
Performance fees
6,343
5,040
Total (Note 3)
11,166
9,408
The Manager elected to receive certain of the above fees in the form of units. These were as follows:
Number of Units
Group and Trust
2015
2014
2015
2014
$’000
$’000
Settled during the year through the issuance
of units
17,822,463 12,427,536
6,050
4,969
Settled subsequent to year-end through the
issuance of units (Note 20)
5,178,677 4,001,835
1,608
1,315
23,001,140 16,429,371
7,658
6,284
ANNUAL REPORT 2015
95
