202
CapitaLand Mall Trust
Annual Report 2015
28 Commitments
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Capital commitments:
- contracted but not provided for
32,659
51,032
32,659
51,032
Operating lease rental receivable
The Group leases out its investment properties. Non-cancellable operating lease rentals are receivable as
follows:
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Within 1 year
567,237
523,136
512,678
523,136
After 1 year but within 5 years
692,971
655,307
660,532
655,307
More than 5 years
60,069
63,736
60,069
63,736
1,320,277
1,242,179
1,233,279
1,242,179
29 Financial ratios
Group
2015
%
2014
%
Expenses to weighted average net assets
1
- including performance component of Manager’s management fees
0.72
0.76
- excluding performance component of Manager’s management fees
0.41
0.44
Portfolio turnover rate
2
3.13
–
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 Group, 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 average net asset value.
Notes to the Financial Statements
Year ended 31 December 2015
