TPARK LOGISTICS PROPERTY FUND (TLOGIS)

For the period
Investment income
Rental and services income
Interest income
Profit and Loss Statement
For the period during
1 - 31 Dec 09
(Baht)
28
For the year ended
31 Dec 10
(Baht)
11,902,985
33,119
166,023,059
280,623
Total income 11,936,104 166,303,682
Expenses
Management fee
Trustee fee
Registrar fee
Property management fee
Audit fee
Operating expenses
210,224
39,242
77,082
1,300,385
60,000
366,931
2,547,433
475,520
934,059
16,363,050
309,570
9,046,417
Total expenses 2,053,864 29,676,049
Net investment income 9,882,240 136,627,633
Dividend payments - 104,244,000
Dividend payments (Baht per unit) - 0.68
Remarks:
The above dividend payments were paid from the result of the operating period of Q1-Q3
of the year 2010. For Q4, the Fund shall make a dividend payment to unitholders on 17 March
2011.
Performance Results of TPARK Logistics Property Fund
For the Period from 1 January 2010 to 31 December 2010
The financial standing of the Fund as of 31 December 2010 showed total assets of Baht
1,628.5 million, comprising investment in immovable properties of 95.7 percent of total assets.
The Fund also has investment in security and cash at banks total of Baht 59.1 million and unbilled
income of Baht 10.4 million. However, the Fund recorded total liabilities of Baht 26.2 million, or
1.6 percent of total assets, which comprising deposits for lease of assets of Baht 16.7 million and
accrued expenses of Baht 9.5 million. Therefore, as of 31 December 2010, the Fund recorded net
assets (total assets after total liabilities) of Baht 1,602.4 million.
The operating results of the Fund from 1 January 2010 to 31 December 2010 showed total
income of Baht 166.3 million. This comprised (1) rental and services income, totaling Baht 166.0
million, or 99.8 percent of total income, (2) interest income of Baht 0.3 million. Total expenses
of the Fund were Baht 29.7 million, or 17.8 percent of total income. Key expenses are property
management fee, totaling Baht 16.4 million, or 9.8 percent of total income. The Fund also had
fund operating expenses total of Baht 4.3 million. By that period, as a result, the Fund earned net
investment income of Baht 136.6 million, or 82.2 percent of total income.
From the operating results, from 1 December 2009, to 31 December 2010, the Fund
announced dividend payments three times, totaling Baht 104.2 million, or Baht 0.68 per investment
unit.