Annual Report - Campus Living Villages

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1 0 0 Campus Living Villages Annual Report 09/10 Campus Living Finance Trust NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010 A$’000 CLFT 12. Issued capital CLFT has 413,458,590 units (2009: 308,746,325 units) on issue. June 2010 June 2009 Reconciliation of issued capital: Balance at beginning of the year 105,032 106,280 Issue of capital for the year 39,387 8,477 Equity raising costs (9) (303) Distribution of capital for the year (14,927) (9,422) Balance at the end of the year 129,483 105,032 13. Retained earnings June 2010 June 2009 Reconciliation of retained earnings Balance at the beginning of the year 1,113 1,525 Profit for the year 3,094 1,066 Distributions for the year (1,173) (1,478) Balance at the end of the year 3,034 1,113 14. Reserves June 2010 June 2009 Reconciliation of reserves Balance at the beginning of the year - - Exchange differences during the year (226) - Balance at the end of the year (226) - 15. Distributions The trust declared the following distributions during the year: cents per unit distribution $’000 date of payment tax deferred % June 2010 September distribution 0.30 1,000 6 November 2009 December distribution 0.24 1,000 5 February 2010 March distribution 0.97 4,000 7 May 2010 June distribution 2.44 10,100 30 July 2010 Total distribution 16,100 92.7 June 2009 September distribution 0.70 2,000 3 November 2008 December distribution 0.81 2,500 6 February 2009 March distribution 1.13 3,500 8 May 2009 June distribution 0.94 2,900 31 July 2009 Total distribution 10,900 86.4
Campus Living Villages Annual Report 09/10 1 0 1 Campus Living Finance Trust NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010 A$’000 16. Key management personnel disclosures a) Identification of key management personnel Key management personnel include directors of the Responsible Entity (“RE”), CLFM. CLFT b) Key management personnel remuneration (denominated in A$) June 2010 June 2009 Short term employee benefits 3,974 153,000 Total key management personnel remuneration 3,974 153,000 Other transactions with key management personnel are included in the Related party transactions note 18 17. Remuneration of auditors (denominated in A$) During the period the following fees were paid or payables for services provided by the auditor of the stapled entity: June 2010 June 2009 Audit of financial reports 78,300 31,900 Taxation servivces - 36,608 Balance at the end of the year 78,300 68,508 18. Related party transactions and balances Related party transactions include key management personnel remuneration (refer note 16), loans between related parties (refer note 8), interest received from and paid to related parties (refer note 3 and 4) and fees paid to the fund managers CLFM (refer note 5). June 2010 June 2009 Interest was received from related parties: - CLV Accommodation Holdings Pty Ltd 567 543 - Campus Living Australia Trust 5,700 5,548 - CLLT USA 13 3 - CCHM Property Holdings Parent LLC 247 1,257 - CLV Salford UK Ltd 469 308 - Campus Living Villages UK Limited 107 13 - CLV UK Accommodation Holdings Pty Ltd 6 - Interest was paid to related parties: - Campus Living Investments Pty Ltd 188 - - CCHM Property Holdings Parent LLC 85 - Fund manager’s fees (refer note 5) 1,256 2,560 Related balances include: Loans to related parties are included in Financial Assets (refer note 8) 136 182,428 Intercompany payable with CLFM for payment of directors’ fees and fund manager fees 1,750 1,349
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Annual Report For the year ended 30
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Annual Report - Campus Living Villages

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