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Download Full Report - Ascendas REIT

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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

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