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ADDItional information
Historical statement of total return
Year ended 31 March
Period
from
9/10/02
to
2010 2009 2008 2007 2006 2005 2004 31/3/03
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
Gross revenue 413,678 396,534 322,270 283,007 227,153 128,987 65,914 22,836
Property operating expenses (93,690) (99,916) (78,780) (72,660) (53,595) (32,873) (15,604) (6,325)
Net property income 319,988 296,618 243,490 210,347 173,558 96,114 50,310 16,511
Management fees (23,421) (31,698) (25,579) (21,607) (17,971) (11,249) (5,588) (1,145)
Trust expenses (2,879) (4,715) (2,508) (1,913) (1,516) (1,215) (809) (291)
Finance income 1,650 29 114 332 214 73 20 9
Finance costs (69,805) (59,485) (40,537) (38,777) (22,293) (8,506) (3,342) (794)
Net income 225,533 200,749 174,980 148,382 131,992 75,217 40,591 14,290
Net change in fair value of
financial derivatives (23,878) - - - - - - -
Net (depreciation) /
appreciation on revaluation
of investment properties (53,682) (115,443) 494,141 188,712 13,188 21,823 7,871 22,317
Total return for the year
before income tax 147,973 85,306 669,121 337,094 145,180 97,040 48,462 36,607
Income tax expense - - - - - - - -
Total return for the year 147,973 85,306 669,121 337,094 145,180 97,040 48,462 36,607
Non-tax deductible
expenses, net 33,236 10,174 12,289 15,442 10,641 8,948 4,945 892
Net depreciation /
(appreciation) on revaluation
of investment properties 53,682 115,443 (494,141) (188,712) (13,188) (21,823) (7,871) (22,317)
Income available for
distribution 234,891 210,923 187,269 163,824 142,633 84,165 45,536 15,182
Earnings per unit (cents) * 8.23 6.11 50.31 26.13 11.84 10.98 8.65 18.36 #
Distribution per unit (cents) 13.10 15.18 14.13 12.75 11.68 9.56 8.16 7.63 #
* The Earnings per unit has been calculated using total return for the year and weighted average number of units on issue during the year.
# Annualised Earnings/Distribution per unit
8th Annual Report FY09/10
163