Download Full Report - Ascendas REIT
Download Full Report - Ascendas REIT
Download Full Report - Ascendas REIT
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Notes to the financial statements<br />
31. OPerating segments<br />
Property income and expenses<br />
Business & Science<br />
Parks<br />
Hi-Tech Industrial<br />
Properties<br />
Light Industrial<br />
Properties<br />
Logistics &<br />
Distribution<br />
Centres<br />
Warehouse Retail<br />
Facilities<br />
2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009<br />
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000<br />
Total<br />
Gross rental<br />
income 106,483 92,967 89,282 88,125 76,735 76,579 100,249 92,116 12,954 13,246 385,703 363,033<br />
Other income 8,471 10,179 12,376 18,048 1,759 1,434 5,369 3,840 - - 27,975 33,501<br />
Gross revenue 114,954 103,146 101,658 106,173 78,494 78,013 105,618 95,956 12,954 13,246 413,678 396,534<br />
Property<br />
operating<br />
expenses (29,493) (28,488) (27,680) (36,575) (15,921) (16,250) (18,638) (16,698) (1,958) (1,905) (93,690) (99,916)<br />
Segment<br />
net property<br />
income 85,461 74,658 73,978 69,598 62,573 61,763 86,980 79,258 10,996 11,341 319,988 296,618<br />
Finance<br />
income 1,650 29<br />
Finance costs (69,805) (59,485)<br />
Unallocated<br />
expenses (26,300) (36,413)<br />
Net income 225,533 200,749<br />
Net change<br />
in fair value<br />
of financial<br />
derivatives (23,878) -<br />
Net<br />
appreciation/<br />
(depreciation)<br />
on revaluation<br />
of investment<br />
properties 2,029 (20,877) 6,761 (24,951) (25,815) (42,616) (36,857) (27,337) 200 338 (53,682) (115,443)<br />
Total return for<br />
the year before<br />
income tax 147,973 85,306<br />
Income tax<br />
expense - -<br />
Total return for<br />
the year 147,973 85,306<br />
Non-tax<br />
deductible<br />
expenses 33,236 10,174<br />
Net<br />
depreciation<br />
on revaluation<br />
of investment<br />
properties 53,682 115,443<br />
Income<br />
available for<br />
distribution 234,891 210,923<br />
156 <strong>Ascendas</strong> real estate investment trust