Download Full Report - Ascendas REIT
Download Full Report - Ascendas REIT
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Notes to the financial statements<br />
18. Property operating expenses<br />
2010 2009<br />
$’000 $’000<br />
Land rent 10,461 9,547<br />
Maintenance and conservancy 15,704 12,030<br />
Property service fees 13,555 12,143<br />
Property tax 21,876 26,401<br />
Utilities 24,034 31,087<br />
Depreciation 1,101 1,101<br />
Other operating expenses 6,959 7,607<br />
93,690 99,916<br />
19. Management fees<br />
Management fees relate to base management fees of $23,421,000 (2009: $22,603,000). No performance fee was<br />
payable for the current financial year (2009: $9,095,000).<br />
20. Trust expenses<br />
2010 2009<br />
$’000 $’000<br />
Auditors’ remuneration<br />
- audit fees 195 226<br />
- non-audit fees 65 100<br />
Professional fees 171 841<br />
Trustee’s fees 1,408 1,362<br />
Other expenses 1,040 2,186<br />
2,879 4,715<br />
8th Annual <strong>Report</strong> FY09/10<br />
145
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