SEO Version
38
Earnings review
FY13/14
S$'000
1
FY13/14
ࡩ
mil
FY12/13
ࡩ
mil
INR
YoY
Change
Comparison of FY13/14 to FY12/13
for Indian Rupee earnings
Property Income
Base rental income
70,066 3,350 3,241 3%
Base rental income improved as a result
of positive rental reversions and higher
portfolio occupancy.
Amenities income
Income from leasing amenity space,
including canteen and business centre.
1,920
92
92
-
Amenities income was stable at
ࡩ
92 million.
Fit-out rental income
Income from providing ft-out provisions
(including renovations and furnishings)
to tenants.
1,795
86
82 5%
The increase was due to the commencement
of large leases with ft-out rental provisions in
FY13/14.
Operations, maintenance and
utilities income
Income from providing O&M services
and utilities. It includes the cost of
electricity supplied to tenants from the
dedicated power plant in ITPB.
41,908 2,006 1,900 6%
Operations, maintenance and utilities (“O&M”)
income increased as the O&M fee was adjusted
to refect higher operating costs.
Car park and other income
Includes miscellaneous income such as
kiosk rental and advertising revenue.
5,020 240
226 6%
The increase was mainly due to the higher
utilisation of car parking facilities.
Total property income
120,709 5,774 5,540 4%
Total property income increased by 4% to
ࡩ
5,774 million.
Operating, maintenance
and security
Costs incurred for the day-to-day running
and upkeep of our properties, which are
recovered via O&M fee from tenants.
(10,184)
(488)
(435)
12%
The increase was largely due to higher
operating costs.
Service and property taxes
(2,506)
(120)
(120)
-
Service and property tax was stable at
ࡩ
120 million.
Property management fees
Fees paid to the Property Manager,
which includes property management
fees, lease management fees, marketing
services commissions and project
management fees.
(6,254)
(299)
(298)
-
Property management fee was stable at
ࡩ
299 million.
Utilities expenses
Costs incurred for the consumption of
electricity, water and gas. It includes the
cost of operating the dedicated power
plant in ITPB.
(24,571)
(1,174)
(1,199)
(2%)
Utilities expense fell slightly to
ࡩ
1,174 million due
to a one-off write-back of
ࡩ
72 million in FY13/14.
Other property operating
expenses
Includes general management and other
administration expenses.
(5,088)
(243)
(324)
(25%)
The decline was largely due to the reversal of
provisions for rental arrears in FY13/14.
Total property expenses
(48,603) (2,324)
(2,376)
(2%)
Total property expenses were down by 2% to
ࡩ
2,324 million.
Property Expenses
a-iTrust’s functional currency is the Indian Rupee, which is the currency that its earnings are denominated in.
The reporting currency for the Trust is Singapore dollar as distribution to unitholders is made in Singapore dollar.
1
Based on exchange rate of S$1:
ࡩ
47.9
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