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CapitaMall Trust Annual Report 2013 152 Clarity
The accompanying notes form an integral part of these financial statements.
Distribution
Statements
Year ended 31 December 2013
Note A – Net tax adjustments comprise:
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Non-tax deductible items:
– asset management fees paid/payable in units 5,631 5,500 – –
– trustee’s fees 1,272 1,305 1,123 1,159
– non-deductible interest expenses 7,002 18,935 4,533 16,063
– other items 17,611 25,628 16,443 24,851
Tax deductible items:
– capital allowances/balancing allowances (6,649) (1,259) (6,646) (1,259)
Net tax adjustments 24,867 50,109 15,453 40,814
Note B
Amount relates to 9.31% premium paid on the remaining $98.25 million in principal amount of the $650.0 million 1.0%
Convertible Bonds due 2013 (“Convertible Bonds due 2013”) upon maturity on 2 July 2013. In deriving the distributable
income, the premium is eligible for deduction upon payment.
Note C
Amount retained for general corporate and working capital in financial year 2013 relates to the capital distribution and
tax-exempt income received from CapitaRetail China Trust (“CRCT”) of $7.6 million and tax-exempt special preference
dividend income from CapitaRetail Singapore Limited of $3.5 million.
For financial year 2012, this relates to the capital distribution received from CRCT of $15.3 million.