Page 116 - TreasuryChinaTrust2011

114
Notes to the Financial Statements
31 SEGMENT REPORTING
Year ended
31/12/2011 The HQ
Central
Plaza
Treasury
Building
Central
Avenue,
Qingdao
Huai Hai
Mall Others Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Base rent 44,496 15,496 5,446 7,458 2,656 (70) 75,482
Service charge income 11,875 3,738 1,270 80 307 (17) 17,253
Other income 415 66 9 – – 19 509
Gross revenue 56,786 19,300 6,725 7,538 2,963 (68) 93,244
Business and property-
related taxes (7,456) (2,357) (816) (845) (253) (28) (11,755)
Property management fees (1,877) (659) (241) (224) (51) – (3,052)
Other property expenses (13,841) (4,281) (1,347) (274) (536) (86) (20,365)
Total property operating
expenses (23,174) (7,297) (2,404) (1,343) (840) (114) (35,172)
Net property income/(loss) 33,612 12,003 4,321 6,195 2,123 (182) 58,072
Trustee-Manager’s fees (15,028)
Administrative expenses (9,177)
Finance income 632
Finance costs (44,313)
Net foreign exchange loss (4,674)
Changes in fair value of
investment properties 312,461
Changes in fair value of
financial derivatives 360
Profit before tax 298,333
Income tax expense (88,977)
Profit for the year 209,356
Other income comprises compensation income received from early termination of leases by tenants, and such income
is not subject to business tax.
SAR1112034_TCT_AR_().indb 114 3/23/2012