Page 118 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
116
20 TRUSTEE-MANAGER’S FEES
2013 2012
$’000 $’000
Base management fee 12,856 12,698
Performance management fee 1,703 2,043
Trustee fee 514 508
Others 1,056 1,067
16,129 16,316
Trustee-Manager’s fees are payable to the Trustee-Manager, a subsidiary of Oriental Management
Services Limited which is wholly-owned by the controlling unitholder of the Trust.
21 ADMINISTRATIVE EXPENSES
The following items have been included in arriving at administrative expenses for the year:
2013 2012
$’000 $’000
Equity-settled unit-based expenses 460 552
Unit options surrendered – 60
Valuation fees 171 285
Depreciation of property, plant and equipment 312 367
There are no employee expenses as the Group’s administrative and operating functions are
managed by the Trustee-Manager and the Property Manager.
22 FINANCE INCOME
2013 2012
$’000 $’000
Interest income on bank deposits 382 205