TPARK LOGISTICS PROPERTY FUND (TLOGIS)

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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 <strong>TPARK</strong> 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.
Related Party Transaction during past and present years a) Major related party transactions can be summarized, as below: For the period BBL Asset Management Co., Ltd. - Management fee Bangkok Bank Public Company Limited - Registrar fee TICON Industrial Connection Public Company Limited - Property management fee - Repair and maintenance expense TICON Logistics Park Co., Ltd. - Purchase of land and logistics warehouses including equipment - Common area service fees - Repair and maintenance expense b) Major related party account balances As of date Accrued Expenses : BBL Asset Management Co., Ltd. - Management fee payable Bangkok Bank Public Company Limited - Registrar fee payable TICON Industrial Connection Public Company Limited - Property management fee payable - Account receivable from leases TICON Logistics Park Co., Ltd. - Common area services fees payable 29 For the period during 1 - 31 Dec 09 (Baht) 210,224 77,082 1,300,385 - 1,530,000,000 24,524 - For the period during 1 - 31 Dec 09 (Baht) 210,224 77,082 1,300,385 22,919 24,524 For the year ended 31 Dec 10 (Baht) 2,547,433 1,162,868 16,363,050 81,104 - 198,210 133,507 For the year ended 31 Dec 10 (Baht) 218,471 80,106 1,593,052 - -
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Page 7 and 8: Agenda No. 3 To consider the offeri
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Page 11 and 12: Opinion of the Management Company:
Page 13 and 14: attract a number of foreign compani
Page 15 and 16: Summary of Properties to be Investe
Page 17 and 18: The projected rental and service in
Page 19 and 20: 2. Locations of Projects The additi
Page 21 and 22: 5. Remaining Term of Lease Agreemen
Page 23 and 24: The table below sets out the inform
Page 25 and 26: Information Memorandum of Asset Acq
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TPARK LOGISTICS PROPERTY FUND (TLOGIS)

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