74 75
Note
Group
2015
2014
$'000
$'000
Property Income
Base rent
76,692
70,066
Amenities income
1,986
1,920
Fit-out rental income
1,659
1,795
Operations, maintenance and utilities income
42,894
41,908
Car park and other income
5,528
5,020
Total property income
128,759 120,709
Property Expenses
Operations, maintenace and utilities expenses
(35,949)
(34,755)
Service and property taxes
(2,679)
(2,506)
Property management fees
(6,261)
(6,254)
Other property operating expenses
5
(6,268)
(5,088)
Total property expenses
(51,157)
(48,603)
Net Property Income
77,602
72,106
Trustee-Manager's fees
(7,271)
(6,692)
Other trust operating expenses
(1,084)
(1,182)
Finance costs
6
(16,457)
(13,306)
Interest income
4
13,620
9,372
Fair value gain on derivative financial instruments – realised
2,202
17
Exchange loss – realised
(8,773)
(912)
Profit Before Change in Fair Value of Investment Properties,
and Unrealised Gain/(Loss) on Derivative Financial Instruments and Foreign Exchange
59,839
59,403
Fair value gain/(loss) on derivative financial instruments – unrealised
303
(420)
Exchange gain/(loss) – unrealised
10,576
(6,772)
Fair value gain on investment properties
18, 19 38,596
33,013
Profit Before Income Tax
109,314
85,224
Income tax expense
7
(38,297)
(30,364)
Net Profit After Tax
71,017
54,860
Attributable To:
Unitholders of the Trust
65,911
50,107
Non-controlling interests
5,106
4,753
71,017
54,860
Earnings per unit attributable to unitholders of the Trust, expressed in cents per unit
– basic and diluted
8
7.16
5.47
C O N S O L I D A T E D I N C OM E S T A T E M E N T
For the financial year ended 31 March 2015
The accompanying notes form an integral part of these financial statements.
