Page 143 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
141
31 RELATED PARTIES (CONTINUED)
Property management fees, Trustee-Manager’s fees and other fees are payable to subsidiaries
of Oriental Management Services Limited which is wholly-owned by the controlling unitholder
of the Trust.
Reimbursements to the Property Manager comprise mainly remuneration of its personnel who
render their services to the Group. Reimbursements to the Trustee-Manager comprise mainly the
out-of-pocket expenses and certain staff costs incurred by the Trustee-Manager in connection
with or arising out of the performance of its duties in managing the Trust.
32 SEGMENT REPORTING
The Group has two reportable segments, representing its operations in the PRC, Shanghai
property operation and non-Shanghai property operation, which are managed separately due to
the different geographical locations. The Group’s Chief Operating Decision Maker (CODM, the
Group’s CEO) reviews internal management reports on these segments on a quarterly basis, at
a minimum, for strategic decisions making, performance assessment and resources allocation
purposes.
Performance of each reportable segment is measured based on segment revenue and segment net
property income. Net property income is used to measure performance as management believes
that such information is the most relevant in evaluating the results of these segments relative to
other entities that operate within the business of investment property leasing.
Segment assets and liabilities are presented net of inter-segment balances. There are no sale
or purchase transactions between reportable segments.