Financial Highlights

1. As at 31 December 2007, 31 December 2008, 31 December 2009, 31 December 2010 and 31 December 2011, CMT Group includes the proportionate consolidation of the 40.00% interest in Raffles City Singapore (RCS), through RCS Trust, consolidation of 100.00% interest in CapitaRetail Singapore Limited (CRSL) with effect from 1 June 2007 and CMT MTN Pte. Ltd. (CMT MTN) with effect from 13 April 2007 and equity accounting of its associate, CapitaRetail China Trust (CRCT) with effect from 1 April 2007. As at 31 December 2011, CMT Group also includes the proportionate consolidation of 30.00% interest in Infinity Mall Trust and Infinity Office Trust (collectively, Infinity Trusts).
2. The decrease in total assets as at 31 December 2009 is mainly due to the revaluation deficit on investment properties, offset by the increase in cash and cash equivalents mainly from the balance of net proceeds from the 1,502,358,923 units issued under the underwritten renounceable 9-for-10 rights issue (Rights Issue) in April 2009.
3. Excludes unamortised premium and transaction costs.
4. Lower due to repayment of loans with the proceeds from the Rights Issue in 2009.
5. Excludes outstanding distributable income as at end of each period.
6. On 10 November 2011, 139,665,000 new units in CMT (Units) were issued via a private placement exercise for the purposes of capital expenditure, asset enhancement initiatives and general and corporate working capital.
7. Based on the closing unit price of S$3.46 on 31 December 2007, S$1.59 on 31 December 2008, S$1.80 on 31 December 2009, S$1.95 on 31 December 2010 and S$1.70 on 30 December 2011.
8. With the introduction of Financial Reporting Standards (FRS) 40: Investment Property with effect from 1 January 2007, Earnings Per Unit (EPU) are computed based on total return for the period after tax.
9. The negative EPU of 2.23 cents as at 31 December 2009 is mainly due to the revaluation deficit on investment properties.
10. 2009, 2010 and 2011 Distribution Per Unit (DPU) are lower than prior years due to the increase in Units from the Rights Issue. If the effect of the Rights Issue is removed, the DPU for 2009, 2010 and 2011 are higher compared to the restated DPUs for prior years.
11. Refers to the expenses of CMT Group, excluding property expenses and interest expense but including performance component of CapitaMall Trust Management Limited's management fees, expressed as a percentage of weighted average net assets.
12. Net Debt comprises gross debt less temporary cash intended for acquisition and refinancing and EBITDA refers to earnings before interest, tax, depreciation and amortisation.
13. Assuming bondholders of the 2013 Convertible Bonds exercise put option in July 2011.
14. Assuming bondholders of the 2013 Convertible Bonds hold to maturity on 2 July 2013.
15. The figures have been restated for the effect of the Rights Issue.