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DISTRIBUTIONS
Distribution for FY 2013 was
S$356.2 million, an increase
of S$39.3 million or 12.4%
as compared to FY 2012.
Distribution per unit (DPU) for
FY 2013 was 10.27 cents, 8.6%
higher than 9.46 cents for FY
2012. The increase was mainly
attributed to JCube, Bugis+
and Atrium which completed
their respective AEI and
commenced operations in
April 2012, August 2012 and
October 2012 respectively as
well as strong operating
performance from the other
properties. In 2013, CMT retained
S$7.6 million capital distribution
and tax-exempt income received
from CapitaRetail China Trust
as well as S$3.5 million
tax-exempt special preference
dividend income received from
CapitaRetail Singapore Limited
for general corporate and working
capital purposes.
ASSETS
As at 31 December 2013, the
total assets for CMT and its
subsidiaries (CMT Group) were
S$10,017.5 million, compared
with S$9,888.7 million as at
31 December 2012. The increase
of S$128.8 million was mainly
due to the revaluation surplus
on investment properties
of S$204.2 million, capital
expenditure of S$158.5 million
(including S$69.3 million capital
expenditure incurred under
Financial
Review
2013
1 January to
31 March
1 April to
30 June
1 July to
30 September
1 October to
31 December
1 January to
31 December
DPU
(cents)
2.46 2.53 2.56 2.72 10.27
2012
1 January to
31 March
1 April to
30 June
1 July to
30 September
1 October to
29 November
30 November to
31 December 1
1 January to
31 December
DPU
(cents)
2.30 2.38 2.42 1.55 0.81 9.46
DPU
(cents) 2.36
1 DPU for the period from 30 November 2012 to 31 December 2012 was based on the enlarged number of 3,456,420,674 units as at 31 December 2012 after
the issuance of 125,000,000 units via the private placement exercise on 30 November 2012.
BREAKDOWN OF UNITHOLDERS’ DISTRIBUTION FOR FY 2013 WITH FY 2012 COMPARATIVES
investment properties under
development and development
property for sale) and increase
in investment in associate of
S$26.2 million mainly attributed to
revaluation surplus on investment
properties recognised by
CapitaRetail China Trust.
The increase was offset by
the decrease in cash and cash
equivalents of S$285.6 million.
The decrease in cash and cash
equivalents was mainly due to
the redemption in 2013 of
S$300.0 million retail bonds
and the redemption and
cancellation of the remaining
S$98.25 million in principal
amount of the S$650.0 million
1.0% convertible bond due
2013 upon maturity.
Clarity 78 CapitaMall Trust Annual Report 2013