130
CapitaLand Mall Trust
Annual Report 2015
Statements of Total Return
Year ended 31 December 2015
Group
Trust
Note
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Gross revenue
15
669,002
658,851
654,746
658,851
Property operating expenses
16
(202,838)
(210,488)
(198,872)
(210,488)
Net property income
466,164
448,363
455,874
448,363
Interest and other income
17
12,270
14,697
16,137
11,475
Investment income
18
–
–
75,613
96,927
Asset management fees
19
(42,178)
(41,728)
(41,256)
(41,728)
Professional fees
(595)
(449)
(574)
(444)
Valuation fees
(879)
(867)
(869)
(867)
Trustee’s fees
(1,204)
(1,198)
(1,203)
(1,198)
Audit fees
(328)
(345)
(318)
(335)
Finance costs
20
(103,822)
(113,957)
(103,822)
(113,957)
Other expenses
(636)
(1,722)
(649)
(1,736)
Net income before share of results
of associate and joint ventures
328,792
302,794
398,933
396,500
Share of results (net of tax) of:
- Associate
17,653
20,094
–
–
- Joint ventures
54,165
129,125
–
–
Net income
400,610
452,013
398,933
396,500
Net change in fair value of financial derivative
–
5,132
–
5,132
Net change in fair value of investment properties
106,975
162,006
115,209
162,006
Gain on disposal of investment property
21
72,741
–
72,741
–
Impairment loss
- Interest in Brilliance Mall Trust
6
–
–
(5,904)
–
- Interest in Infinity Mall Trust
7
–
–
(5,429)
–
Dilution gain/(loss) of interest in associate
54
(239)
–
–
Total return for the year before tax
580,380
618,912
575,550
563,638
Income tax expense
22
(575)
(37)
(575)
(37)
Total return for the year
579,805
618,875
574,975
563,601
Earnings per unit (cents)
23
Basic
16.65
17.88
16.51
16.29
Diluted
16.65
17.77
16.51
16.19
The accompanying notes form an integral part of these financial statements.
