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NOTES TO THE
FINANCIAL STATEMENTS
25 AMOUNT AVAILABLE FOR DISTRIBUTION
2012 2011
$’000 $’000
Reconciliation from net profit to distribution to Unitholders
Amount from operations before distribution at the beginning of the year (2,881) –
Net profit attributable to Unitholders of the Trust 42,417 136,061
Distribution adjustments (Note A) (55,653) (138,942)
Amount from operations available/(unavailable) for distribution
to Unitholders at the end of the year (16,117) (2,881)
Realised gains available for distribution to Unitholders
at the beginning of the year (Note B) 5,802 24,898
Less: Distribution made during the year – (19,096)
Amount from realised gains available for distribution
to Unitholders at the end of the year 5,802 5,802
For the year ended 31 December 2011, an interim distribution of 5 cents per unit was approved by
the Board of Directors of the Trustee-Manager. The said distribution of S$12.7 million was paid in
September 2011. The distributions for the year comprise:
2012 2011
$’000 $’000
Distribution from operations – –
Distribution from realised gains (Note B) – 19,096
– 19,096
Note A:
Adjustment items
– Depreciation of property, plant and equipment* 367 339
– Deferred tax expense* 26,290 62,607
– Amortisation of transaction costs for bank loans and
convertible debt securities 4,882 3,561
– Difference between the convertible debt interests at the
effective interest rates and at the nominal interest rates 8,209 5,697
– Unrealised foreign exchange (gain)/loss (30,666) 5,159
– Changes in fair value of investment properties* (66,371) (216,242)
– Changes in fair value of financial derivatives 1,084 (360)
– Equity-settled unit-based expenses 552 297
Distribution adjustments (55,653) (138,942)
* adjusted for non-controlling interests’ share of such adjustment items