SEO Version
110
FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
31 SEGMENT REPORTING
Year ended
31/12/2012
The HQ
Existing
Central
Plaza
Forterra
House
Central
Park Mall
Huai Hai
Mall
Beijing
Logistics
Park Others Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Base rent
39,695 17,339 5,657 10,125 4,308 2,369
– 79,493
Service charge income
11,995 4,170 1,279 1,224
624 200
– 19,492
Other income
14
38
2
–
–
–
80
134
Gross revenue
51,704 21,547 6,938 11,349 4,932 2,569
80 99,119
Business and property-
related taxes
(7,193) (2,507)
(823) (1,206)
(398)
(417)
(1) (12,545)
Property management fees
(1,824)
(718)
(250)
(340)
(174)
(79)
(1) (3,386)
Other property expenses
(13,923) (4,671) (1,350)
(1,861)
(740) (1,757)
(55) (24,357)
Total property operating
expenses
(22,940) (7,896) (2,423) (3,407) (1,312) (2,253)
(57) (40,288)
Net property income
28,764 13,651
4,515 7,942 3,620 316
23 58,831
Trustee-Manager’s fees
(16,316)
Administrative expenses
(11,708)
Finance income
205
Finance costs
(54,587)
Net foreign exchange gain
30,666
Changes in fair value of
investment properties
70,381
Changes in fair value of
financial derivatives
(1,084)
Profit before tax
76,388
Income tax expense
(29,721)
Profit for the year
46,667
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