Note A – Net tax adjustments comprise:
Group
Trust
2014
2013
2014
2013
(Restated)
$’000
$’000
$’000
$’000
Non-tax deductible items:
– trustee’s fees
1,198
1,123
1,198
1,123
– non-deductible interest expenses
7,583
7,076
10,805
4,533
– other items
11,485
16,443
11,485
16,443
Tax deductible items:
– capital allowances/balancing allowances
(7,718)
(6,646)
(7,718)
(6,646)
Net tax adjustments
12,548
17,996
15,770
15,453
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 upon maturity on 2 July 2013. In deriving the
distributable income, the premium is eligible for tax deduction upon payment.
Note C
Amount retained for general corporate and working capital in financial year 2014 relates to the capital
distribution and tax-exempt income received from CapitaRetail China Trust (“CRCT”) of $11.4 million.
In addition, the Trust has received partial distribution of $30.0 million from Infinity Office Trust relating
to the profit arising from the sale of office strata units in Westgate Tower, of which $4.5 million has
been released as one-off other gain distribution while the balance of $25.5 million has been retained
for general corporate and working capital purposes.
For financial year 2013, this relates to the capital distribution and tax-exempt income received from
CRCT of $7.6 million and tax-exempt special preference dividend income from CapitaRetail
Singapore Limited of $3.5 million.
The accompanying notes form an integral part of these financial statements.
Distribution Statements
Year ended 31 December 2014
138 | CapitaMall Trust Annual Report 2014
