27 COMMITMENTS
Group and Trust
2014
2013
(Restated)
$’000
$’000
Capital commitments:
– contracted but not provided for
51,032
17,244
Operating lease rental receivable
The Group leases out its investment properties. Non-cancellable operating lease rentals are
receivable as follows:
Group and Trust
2014
2013
(Restated)
$’000
$’000
Within 1 year
523,136
520,275
After 1 year but within 5 years
655,307
614,905
More than 5 years
63,736
83,452
1,242,179
1,218,632
28 FINANCIAL RATIOS
2014
2013
%
%
Expenses to weighted average net assets
1
– including performance component of Manager’s
management fees
0.79
0.76
– excluding performance component of Manager’s
management fees
0.46
0.43
Portfolio turnover rate
2
–
–
1 The annualised ratios are computed in accordance with the guidelines of Investment Management Association of
Singapore. The expenses used in the computation relate to expenses of the Trust, excluding property expenses and
finance costs.
2 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the
Group expressed as a percentage of daily average net asset value.
Notes to the Financial Statements
Year ended 31 December 2014
212 | CapitaMall Trust Annual Report 2014
