SEO Version
59
Year ended 31 December 2011
Consolidated Income Statement
Note
Year ended
31/12/2011
Period from
19/5/2010 to
31/12/2010
$’000
$’000
Gross rental income
18
92,735
39,532
Other income
509
44
Gross revenue
93,244
39,576
Business and property-related taxes
(11,755)
(4,898)
Property management fees
(3,052)
(2,648)
Other property operating expenses
(20,365)
(9,475)
Total property operating expenses
(35,172)
(17,021)
Net property income
58,072
22,555
Trustee-Manager’s fees
19
(15,028)
(6,425)
Administrative expenses
20
(9,177)
(10,001)
Finance income
21
632
192
Finance costs
22
(44,313)
(38,322)
Net foreign exchange (loss)/gain
(4,674)
40,523
Changes in fair value of investment properties
4
312,461
33,040
Changes in fair value of financial derivatives
360
1,552
Realised gains on settlement of financial derivatives
8
–
9,479
Profit before tax
23
298,333
52,593
Income tax expense
24
– Current tax
(2,066)
(778)
– Deferred tax
(86,911)
(12,205)
Profit for the year/period
209,356
39,610
Profit attributable to
Unitholders of the Trust
136,061
39,610
Non-controlling interests
73,295
–
Profit for the year/period
209,356
39,610
Earnings per unit attributable to unitholders of the Trust
26
Basic (cents)
53.4
16.4
Diluted (cents)
50.1
16.2
The accompanying notes form an integral part of these financial statements.
SAR1112034_TCT_AR_().indb 59
3/23/2012
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