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96 <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Notes to the Consolidated Financial Statements<br />
7 Property operating expenses<br />
Year ended Period ended<br />
31 March <strong>2007</strong> 31 March 2006<br />
HK$’M<br />
HK$’M<br />
Property managers' fees, security and cleaning 581 238<br />
Staff costs (Note 10) 101 31<br />
Government rent and rates 113 39<br />
Repairs and maintenance 236 83<br />
Utilities 370 95<br />
Promotion and marketing expenses 62 20<br />
Other property operating expenses 130 35<br />
1,593 541<br />
8 Operating profit before finance costs, taxation and transactions with<br />
unitholders<br />
Year ended Period ended<br />
31 March <strong>2007</strong> 31 March 2006<br />
HK$’M<br />
HK$’M<br />
Operating profit beforefinance costs, taxation and transactions<br />
with unitholders is stated after charging:<br />
Staff costs (Note 10) 136 46<br />
Depreciation of property, plant and equipment 9 3<br />
Write-off of leasehold improvement – 2<br />
Strategic Partner fee 1 1<br />
Trustee’s remuneration 3 1<br />
Valuation fee 4 5<br />
Auditor’s remuneration<br />
– audit service 3 3<br />
– non-audit service 1 –<br />
Other legal and professional fees 6 4
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