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CapitaLand Mall Trust
Annual Report 2015
Additional Information
Saved as disclosed above, there were no additional interested person transactions (excluding transactions less
than S$100,000 each) entered into during the financial year under review.
On 10 February 2004, the SGX-ST has granted a waiver to CMT from Rules 905 and 906 of the Listing Manual
of the SGX-ST in relation to, inter alia, payments for management fees, payments for acquisition and divestment
fees, as well as payments of trustee’s fees. Such payments are not to be included in the aggregated value of total
interested person transactions as governed by Rules 905 and 906 of the Listing Manual of the SGX-ST as long
as there are no changes to the terms, rates and/or bases for such fees and expenses.
In addition, the entry into the Master Property Management Agreement 2011 dated 1 December 2011 was approved
by the Unitholders at an extraordinary general meeting held on 13 April 2011 and the total property management
fees and reimbursements to the property manager in respect of payroll and related expenses payable thereunder
were aggregated for the purpose of Rule 905 in financial year 2011. Accordingly, such fees and expenses will not
be subject to aggregation or further Unitholders’ approval requirements under Rules 905 and 906 of the Listing
Manual of the SGX-ST, to the extent that there is no subsequent change to the rates and/or bases for such fees
and expenses.
Please also see Note 24 on Related Parties in the financial statements.
Subscription of CMT Units
For the financial year ended 31 December 2015, an aggregate of 78,988,404 CMT units were issued and subscribed
for. As at 31 December 2015, 3,541,168,714 CMT units were in issue and outstanding. On 2 February 2016,
769,759 CMT units were issued to the manager of CMT (Manager) as payment of its asset management fees for
the fourth quarter of 2015 in relation to CMT’s 40.00% interest in Raffles City Singapore through RCS Trust.
Additional Disclosure for Operating Expenses
The total operating expenses incurred by CMT Group and CMT’s proportionate share of operating expenses
incurred by its joint ventures (being RCS Trust, Infinity Mall Trust and Infinity Office Trust) amounted to
S$294.5 million in 2015, which was equivalent to 4.4% of CMT Group’s net asset value as at 31 December 2015.
The amount included all fees and charges paid to the Manager and interested parties.
