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Notes to the financial statements
In the previous financial year, 258,000,000 new units at an issue price of $1.16 per unit, were placed out on 21
January 2009. 93,710,021 units were issued as preferential offerings on 12 February 2009 to Unitholders on
register with the CDP on 23 January 2009 (“Prior registered Unitholders”). Prior registered Unitholders had
received advance distribution of 0.73 cents per unit for the period from 1 January 2009 to 20 January 2009.
Thereafter, the abovementioned units ranked pari passu in all respects with the units on issue prior to 21 January
2009, including the entitlement of all future distributions.
Each unit in A-REIT represents an undivided interest in A-REIT. The rights and interests of Unitholders are
contained in the Trust Deed and include the right to:
• receive income and other distributions attributable to the units held;
• participate in the termination of A-REIT by receiving a share of all net cash proceeds derived from the
realisation of the assets of A-REIT less any liabilities, in accordance with their proportionate interests in
A-REIT. However, a Unitholder has no equitable or proprietary interest in the underlying assets of A-REIT
and is not entitled to the transfer to it of any assets (or any part thereof) or of any estate or interest in any
asset (or any part thereof) of A-REIT;
• attend all Unitholder’s meetings. The Trustee or the Manager may (and the Manager shall at the request
in writing of not less than 50 Unitholders or one-tenth in number of the issued units) at any time convene
a meeting of Unitholders in accordance with the provisions of the Trust Deed; and
• one vote per unit at a Unitholders’ meeting.
The restrictions to a Unitholder include the following:
• a Unitholder’s right is limited to the right to require due administration of A-REIT in accordance with the
provisions of the Trust Deed; and
• a Unitholder has no right to request for redemption of their units while the units are listed on SGX-ST.
17. Gross revenue
2010 2009
$’000 $’000
Property rental income 385,703 363,033
Other income 27,975 33,501
413,678 396,534
Other income mainly comprises revenue from car park charges and utilities income.
144 Ascendas real estate investment trust