Page 45 - TreasuryChinaTrust

Treasury China Trust Annual Report 2010 52

CONSOLIDATED INCOME STATEMENT

Period from 19 May 2010 (date of constitution) to 31 December 2010

Note

Period from 19/5/2010 to 31/12/2010 $’000

Gross rental income 17 39,532 Other income 44

Gross revenue 39,576

Business and property-related taxes (4,898) Property management fees (2,648) Other property operating expenses (9,475)

Total property operating expenses (17,021)

Net property income 22,555

Trustee-Manager’s fees 18 (6,425) Administrative expenses 19 (10,001) Finance income 20 192 Finance costs 21 (38,322) Net foreign exchange gains 40,523 Changes in fair value of investment properties 4 33,040 Changes in fair value of financial derivatives 1,552 Realised gains on settlement of financial derivatives 9 9,479

Profit before tax 22 52,593

Income tax expense 23 (12,983)

Total profit for the period attributable to unitholders before distribution 39,610

Earnings per unit (cents) 25

Basic 16.44 Diluted 16.24

The accompanying notes on pages 56 to 84 form an integral part of these financial statements.