Group
Trust
2014
2013
2014
2013
(Restated)
Note
$’000
$’000
$’000
$’000
Gross revenue
15 658,851
637,590 658,851 637,590
Property operating expenses
16 (210,488)
(198,875) (210,488) (198,875)
Net property income
448,363
438,715 448,363 438,715
Interest and other income
17 14,697
3,964 11,475
6,503
Investment income
18
–
–
96,927 65,065
Asset management fees
19 (41,728)
(39,015)
(41,728)
(39,015)
Professional fees
(449)
(502)
(444)
(447)
Valuation fees
(867)
(860)
(867)
(860)
Trustee’s fees
(1,198)
(1,123)
(1,198)
(1,123)
Audit fees
(345)
(331)
(335)
(324)
Finance costs
20 (113,957)
(106,628) (113,957) (106,628)
Other expenses
(1,722)
(861)
(1,736)
(871)
Net income before share of results
of associate and joint ventures
302,794
293,359 396,500 361,015
Share of results (net of tax) of:
– Associate
20,094
25,721
–
–
– Joint ventures
129,125
78,478
–
–
Net income
452,013
397,558 396,500 361,015
Net change in fair value of
financial derivative
5,132
6,946
5,132
6,946
Net change in fair value of investment
properties
162,006
169,717 162,006 169,717
Dilution (loss)/gain of interest in
associate
(239)
646
–
–
Total return for the year before tax
618,912
574,867 563,638 537,678
Income tax expense
21
(37)
(501)
(37)
(501)
Total return for the year
618,875
574,366 563,601 537,177
Earnings per unit (cents)
22
Basic
17.88
16.61
16.29
15.53
Diluted
17.77
16.26
16.19
15.24
The accompanying notes form an integral part of these financial statements.
Statements of Total Return
Year ended 31 December 2014
136 | CapitaMall Trust Annual Report 2014
