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<strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
<strong>The</strong> <strong>Link</strong> Real Estate Investment Trust<br />
81<br />
Statement of Distributions<br />
For the year ended 31 March <strong>2007</strong><br />
Period from<br />
6 September 2005<br />
to 31 March 2006<br />
(Operational since<br />
Year ended 25 November 2005,<br />
31 March <strong>2007</strong> the listing date)<br />
HK$’M<br />
HK$’M<br />
Profit for the year/period, before transactions with unitholders 4,354 2,081<br />
Adjustments:<br />
Change in fair values of investment properties (3,514) (1,949)<br />
Deferred taxation on change in fair values of investment properties 614 341<br />
Other non-cash income (13) (6)<br />
Total Distributable Income 1,441 467<br />
Interim distribution, paid 702 –<br />
Final distribution, to be paid to the unitholders 739 467<br />
Total distributions for the year/period 1,441 467<br />
As a percentage of Total Distributable Income 100% 100%<br />
Units in issue 2,137,454,000 2,137,454,000<br />
Distributions per unit to unitholders:<br />
Interim distribution per unit, paid HK32.81 cents –<br />
Final distribution per unit, to be paid to the unitholders HK34.62 cents HK21.81 cents<br />
Distribution per unit for the year/period HK67.43 cents HK21.81 cents<br />
<strong>The</strong> above statement of distributions should be read with the accompanying notes to these consolidatedfinancial statements.<br />
Notes:<br />
(i)<br />
(ii)<br />
Pursuant to the Trust Deed, <strong>The</strong> <strong>Link</strong> <strong>REIT</strong> is required to ensure that the total amount distributed to unitholders as distributions for eachfinancial<br />
year/period shall be no less than 90% of “Total Distributable Income”, plus at its discretion, any other additional amount that the Manager<br />
determines is distributable. <strong>The</strong> Manager intends to distribute 100% of Total Distributable Income as the distribution for the year ended 31 March<br />
<strong>2007</strong>. <strong>The</strong> interim distribution was paid to unitholders on 21 December 2006. <strong>The</strong>final distribution will be paid to unitholders on or about 22<br />
August <strong>2007</strong>.<br />
Under the terms of the Trust Deed, the Total Distributable Income is the consolidated profit after tax attributable to unitholders adjusted to<br />
eliminate the effects of certain non-cash adjustments which have been recorded in the income statement for the relevant year/period.
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