Page 145 - SAR141018_Forterra AR 2013

SEO Version

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
143
32
SEGMENT REPORTING (CONTINUED)
Year ended
31/12/2012
Shanghai
Property
Operation
Non-Shanghai
Property
Operation
Others
Total
$’000
$’000
$’000
$’000
Gross revenue
85, 121
13,918
80
99,119
Net property income
50,550
8,258
23
58,831
Trustee-Manager’s fees
(16,316)
Administrative expenses
(11,708)
Finance income
205
Finance costs
(54,587)
Net foreign exchange gain
30,666
Changes in fair value of
 investment properties
70,381
Changes in fair value of
 financial derivatives
(1,084)
Profit before tax
76,388
Income tax expense
(29,721)
Profit for the year
46,667
As of
31/12/2012
Total assets
2,272,435
469,401
74,738 2,816,574
Total liabilities
(1,266,283)
(183,237)
(110,583) (1,560,103)
Capital expenditure
(34,558)
(13,913)
–
(48,471)