SEO Version
111
NOTES TO THE
FINANCIAL STATEMENTS
31 SEGMENT REPORTING (CONTINUED)
Year ended
31/12/2011
The HQ
Existing
Central
Plaza
Forterra
House
Central
Park Mall
Huai Hai
Mall
Others
Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Base rent
44,496 15,426
5,446
7,458
2,656
–
75,482
Service charge income
11,875
3,721
1,270
80
307
–
17,253
Other income
415
66
9
–
–
19
509
Gross revenue
56,786 19,213
6,725
7,538
2,963
19 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
11,916
4,321
6,195
2,123
(95) 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
Segment information by geographical area is not presented as the Group’s assets are all located
in the PRC.
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