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CapitaLand Mall Trust
Annual Report 2015
Distribution Statements
Year ended 31 December 2015
Note A – Net tax adjustments comprise:
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Non-tax deductible items:
- trustee’s fees
1,204
1,198
1,203
1,198
- non-deductible interest expenses
7,315
7,583
7,315
10,805
- other items
3,087
11,485
3,337
11,485
Tax deductible items:
- capital allowances/balancing allowances
(9,515)
(7,718)
(7,435)
(7,718)
Net tax adjustments
2,091
12,548
4,420
15,770
Note B
Amount retained for general corporate and working capital in financial year 2015 relates to the capital distribution
and tax-exempt income received from CapitaLand Retail China Trust (formerly known as CapitaRetail China Trust)
(“CRCT”) of $12.5 million.
For financial year 2014, it relates to the capital distribution and tax-exempt income received from 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. $4.5 million has been released by the
Trust as one-off other gain distribution while the balance of $25.5 million has been retained for general corporate
and working capital purposes.
The accompanying notes form an integral part of these financial statements.
