Download Full Report - Ascendas REIT

ADDItional information
Interested party transactions
Transactions entered into with related parties during the financial year falling within the Listing Manual of the SGX-ST
and the CIS are as follows:
Name of interested party
Aggregate value of all interested party transactions
during the financial period under review
(excluding transactions less than $100,000)
$’000
JTC Corporation
– Land rent 19,290
– Licence fees paid for development projects 560
Ascendas Pte Ltd and its subsidiaries
– Property service fees 16,788
– Service charge and reimbursables 4,247
– Management fees 23,421 (1)
– Acquisition fees 1,310 (2)
– Development management fees 4,639 (3)
– Acquisition of properties 116,000
– Carpark income (2,673)
– Marketing fees paid during the year 4,340
HSBC Institutional Trust Services (Singapore) Ltd
– Trustee fees 1,408
Total 189,330
(1)
The Manager’s Fee comprises:
(i) a base management fee of 0.5% per annum of the Deposited Property. With effect from 19 November
2007, the Manager has elected to receive 20% of the base management fee in units and 80% in cash for all
properties
(ii) an annual performance fee (2010: Nil and 2009: paid in cash) of:
• 0.1% per annum of the Deposited Property, provided that the annual growth in distributions per Unit in a
given financial year (calculated before accounting for the performance fee in that financial year) exceeds
2.5%; and
• an additional 0.1% per annum of the Deposited Property, provided that the growth in distributions per
Unit in a given financial year (calculated before accounting for the performance fee in that financial year)
exceeds 5.0%.
No performance fee was payable for the current financial year.
8th Annual Report FY09/10
161