2 BASIS OF PREPARATION
(continued)
2.5 Changes in accounting policies
(continued)
Joint Arrangements
(continued)
Impact on Distribution Statement – Group
Year ended 31 December 2013
As
previously
reported
Joint
arrangements
As
restated
$’000
$’000
$’000
Amount available for distribution to
Unitholders at beginning of year
33,016
–
33,016
Net income before share of results of
associate and joint ventures
1
337,335
(43,976)
293,359
Net tax adjustments (Note A)
24,867
(6,871)
17,996
Premium paid on the redemption of
convertible bonds
(9,147)
–
(9,147)
Dividend income from subsidiary
3,538
–
3,538
Distribution income from:
– Associate
7,595
–
7,595
– Joint venture
–
53,932
53,932
Net loss of joint ventures/subsidiaries
3,133
(3,085)
48
367,321
–
367,321
Amount available for distribution to
Unitholders
400,337
–
400,337
Distributions to Unitholders during the year:
Distribution of 0.81 cents per unit for
period from 30/11/2012 to 31/12/2012
(27,997)
–
(27,997)
Distribution of 2.46 cents per unit for
period from 01/01/2013 to 31/03/2013
(85,044)
–
(85,044)
Distribution of 2.53 cents per unit for
period from 01/04/2013 to 30/06/2013
(87,481)
–
(87,481)
Distribution of 2.56 cents per unit for
period from 01/07/2013 to 30/09/2013
(88,536)
–
(88,536)
(289,058)
–
(289,058)
Amount retained for general corporate and
working capital purposes
(11,133)
–
(11,133)
Amount available for distribution to
Unitholders at end of the year
100,146
–
100,146
1 The amount $337,335,000 as previously reported refers to net income before share of results of associate.
Note A – Net tax adjustments comprise:
Non-tax deductible items:
– asset management fees paid/payable in units 5,631
(5,631)
–
– trustee’s fees
1,272
(149)
1,123
– non-deductible interest expenses
7,002
74
7,076
– other items
17,611
(1,168)
16,443
Tax deductible items:
– capital allowances/balancing allowances
(6,649)
3
(6,646)
Net tax adjustments
24,867
(6,871)
17,996
Notes to the Financial Statements
Year ended 31 December 2014
154 | CapitaMall Trust Annual Report 2014
