SEO Version
Financial
Review
GROSS REVENUE
Gross revenue for financial year (FY)
2013 was S$729.2million, an increase
of S$67.6 million or 10.2% over
FY 2012. JCube, which reopened on
2 April 2012, accounted for S$10.1
million of the increase. Bugis+ and
The Atrium@Orchard (Atrium) also
accounted for S$40.2million increase
in gross revenue arising from the
completion of asset enhancement
initiatives (AEI) in end-July 2012 and
end-October 2012 respectively.
Westgate contributed S$1.3million
(CMT’s 30.00% interest) after it
commenced operations on
2 December 2013. The other
properties except for Bugis Junction,
accounted for S$18.1 million
increase in gross revenue mainly due
to higher rental achieved on new
and renewed leases and staggered
rental, as well as higher rental on gross
turnover. Bugis Junction recorded lower
gross revenue as it underwent AEI
from April 2013 to October 2013.
FY 2013
1
FY 2012
Variance
Gross Revenue by Property
S$’000 S$’000 S$’000
%
Tampines Mall
73,384
69,752 3,632
5.2
Junction 8
55,447
53,661 1,786
3.3
Funan DigitaLife Mall
33,306
32,139 1,167
3.6
IMM Building
75,406
73,558 1,848
2.5
Plaza Singapura
83,954
81,228 2,726
3.4
Bugis Junction
2
73,059
75,176 (2,117)
(2.8)
Sembawang Shopping Centre, Hougang Plaza
3
and Rivervale Mall
22,990
23,049
(59)
(0.3)
JCube
4
33,842
23,712
10,130
42.7
Lot One Shoppers’ Mall
41,966
40,688 1,278
3.1
Bukit Panjang Plaza
25,867
25,053
814
3.2
The Atrium@Orchard
4
49,572
21,193 28,379
133.9
Clarke Quay
37,309
34,369 2,940
8.6
Bugis+
4
31,454
19,640 11,814
60.2
637,556
573,218 64,338
11.2
Raffles City Singapore (40.00% interest)
90,315
88,370 1,945
2.2
Westgate (30.00% interest)
5
1,291
–
1,291
N.M.
CMT Group
729,162
661,588
67,574
10.2
N.M.: Not Meaningful.
1
Adjusted for intercompany transactions within CMT Group.
2
Bugis Junction underwent AEI from April 2013 to October 2013.
3 The sale of Hougang Plaza was completed on 13 June 2012.
4 JCube, Bugis+ and Atrium underwent AEI and resumed full operations in April 2012, August 2012 and October 2012 respectively.
5 Westgate was under development and commenced mall operations on 2 December 2013.
FY 2013
1
FY 2012
Tampines Mall
73.4
69.8
Junction 8
55.4
53.7
Funan DigitaLife Mall
33.3
32.1
IMM Building
75.4
73.6
Plaza Singapura
84.0
81.2
Bugis Junction
2
73.1
75.2
Sembawang Shopping Centre,
Hougang Plaza
3
and Rivervale Mall
23.0
23.0
JCube
4
33.8
23.7
Lot One Shoppers’ Mall
42.0
40.7
Bukit Panjang Plaza
25.9
25.0
The Atrium@Orchard
4
49.6
21.2
Clarke Quay
37.3
34.4
Bugis+
4
31.4
19.6
Raffles City Singapore
(40.00% interest)
90.3
88.4
Westgate (30.00% interest)
5
1.3
–
GROSS REVENUE BY PROPERTY
(S$ million)
FY 2013
1
FY 2012
661.6
729.2
Clarity
76
CapitaMall Trust
Annual Report 2013
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