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Notes to the financial statements
31. OPerating segments
Property income and expenses
Business & Science
Parks
Hi-Tech Industrial
Properties
Light Industrial
Properties
Logistics &
Distribution
Centres
Warehouse Retail
Facilities
2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Total
Gross rental
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
Other income 8,471 10,179 12,376 18,048 1,759 1,434 5,369 3,840 - - 27,975 33,501
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
Property
operating
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)
Segment
net property
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
Finance
income 1,650 29
Finance costs (69,805) (59,485)
Unallocated
expenses (26,300) (36,413)
Net income 225,533 200,749
Net change
in fair value
of financial
derivatives (23,878) -
Net
appreciation/
(depreciation)
on revaluation
of investment
properties 2,029 (20,877) 6,761 (24,951) (25,815) (42,616) (36,857) (27,337) 200 338 (53,682) (115,443)
Total return for
the year before
income tax 147,973 85,306
Income tax
expense - -
Total return for
the year 147,973 85,306
Non-tax
deductible
expenses 33,236 10,174
Net
depreciation
on revaluation
of investment
properties 53,682 115,443
Income
available for
distribution 234,891 210,923
156 Ascendas real estate investment trust