70 71
Interested Person Transactions in FY14/15
The interested person transactions in FY2014/2015 are set out below:
Aggregate Value of All Interested Person
Transactions During the Financial Period Under
Review (Excluding Transactions Less Than
$100,000 and Transactions Conducted Under
Shareholders Mandate Pursuant to Rule 920)
Name of Interested Person
2015
2014
S$’000
S$’000
Ascendas Property Fund Trustee Pte. Ltd.*
– Trustee-Manager’s fees paid/payable
7,622
6,692
Ascendas Services (India) Pte Ltd (“ASIPL”)*
Fees received/receivable by ASIPL from a-iTrust
– Property management services
2,415
2,407
– Lease management services
1,207
1,203
– Marketing services
2,374
3,280
– Project management services
309
459
– General management services
2,648
2,586
Office rental income received/receivable by a-iTrust from ASIPL
303
316
Ascendas Land International Pte Ltd (“ALIPL”)
Acquisition of 100% equity interest in Ascendas IT SEZ (Chennai) Private
Limited (“AISCPL”), which owns CyberVale, from ALIPL and its affiliates
35,173
–
Jurong Consultants (India) Pte Ltd
Procurement of consultancy services, including architecture & landscape, civil
& structural, M&E engineering design rendered to Information Technology
Park Limited
–
21
* Refer to “Exempted Agreements” in paragraph (ii) above
Fees and expenses charged to the Trust are appropriate and in accordance with the Trust Deed
Fees payable to the Trustee-Manager
The Trustee-Manager is entitled under the Trust Deed to the following management fees:
• A Base Fee at the rate of 0.5% per annum of the value of the property of the Trust; and
• A Performance Fee at the rate of 4% per annum of the Net Property Income of the Trust in the relevant financial year
(calculated before accounting for the Performance Fee in that financial year).
Any increase in the rate or any change in the structure of the Trustee-Manager’s Management fees must be approved by an
extraordinary resolution passed at a Unitholders’ meeting duly convened and held in accordance with the provisions of the Trust Deed.
The Base Fee and the Performance Fee are payable to the Trustee-Manager in the form of cash and/or Units (as the Trustee-Manager
may elect). The Trustee-Manager has elected to receive 50% of both Base Fee and Performance Fee in Units and the remainder in
cash for FY14/15.
