SEO Version
FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
119
26
AMOUNT AVAILABLE FOR DISTRIBUTION
2013
2012
$’000
$’000
Reconciliation from net (loss)/profit to distribution
to Unitholders
Amount from operations before distribution at the
beginning of the year
(16,117)
(2,881)
Net (loss)/profit attributable to Unitholders of the Trust
(49,252)
42,417
Distribution adjustments (Note A)
32,441
(55,653)
Amount from operations unavailable for distribution
to Unitholders at the end of the year
(32,928)
(16,117)
Realised gains available for distribution to Unitholders at the
beginning of the year (Note B)
5,802
5,802
Add: Realised gain on disposal of subsidiaries which hold the
Central Plaza (Note C)
32,086
–
Amount from realised gains available for distribution to
Unitholders at the end of the year
37,888
5,802
No distribution was made in current year and in 2012.
Note A:
2013
2012
$’000
$’000
Adjustment items
– Depreciation of property, plant and equipment*
296
367
– Deferred tax expense*
3,398
26,290
– Amortisation of transaction costs for bank loans and
convertible debt securities
5,887
4,882
– Difference between the convertible debt interests at the
effective interest rates and at the nominal interest rates
9,439
8,209
– Unrealised foreign exchange (gain)/loss
19,511
(30,666)
– Changes in fair value of investment properties*
12,517
(66,371)
– Changes in fair value of financial derivatives
(1,103)
1,084
– Gain on disposal of subsidiaries which hold Central Plaza
(17,964)
–
– Equity-settled unit-based expenses
460
552
Distribution adjustments
32,441
(55,653)
*
adjusted for non-controlling interests’ share of such adjustment items
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