CapitaLand Integrated Commercial Trust - Annual Report 2021

Notes to the Financial Statements YEAR ENDED 31 DECEMBER 2021 31 OPERATING SEGMENTS (continued) Operating segments Retail Office Integrated Developments Group $’000 $’000 $’000 $’000 2021 Gross revenue 537,700 387,387 379,964 1,305,051 Segment net property income 377,829 295,267 277,986 951,082 Interest and other income 6,364 Investment income 12,703 Finance costs (189,757) Unallocated expenses (88,812) Share of results (net of tax) of – Joint ventures 140,202 Net income 831,782 Net change in fair value of investment properties 3,675 306,160 (39,328) 270,507 Total return for the year before tax 1,102,289 Taxation (19,224) Total return for the year 1,083,065 Assets and liabilities Segment assets 7,440,110 8,440,690 5,977,868 21,858,668 Investment in joint ventures 320,347 Equity investments at fair value 193,168 Unallocated assets: – financial derivatives 30,879 – others 338,788 369,667 Total assets 22,741,850 Segment liabilities 175,703 181,929 118,239 475,871 Unallocated liabilities – loans and borrowings 8,177,277 – financial derivatives 32,428 – others 360,574 8,570,279 Total liabilities 9,046,150 CapitaLand Integrated Commercial Trust 310