Page 69 - SAR141018_Forterra AR 2013

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FORTERRA
ANNUAL REPORT 2013
CONSOLIDATED STATEMENT
OF PROFIT OR LOSS
YEAR ENDED 31 DECEMBER 2013
67
Note
2013
2012
$’000
$’000
Gross rental income
18
76,950
98,985
Other income
333
134
Gross revenue
77,283
99,119
Business and property-related taxes
(10,246)
(12,545)
Property management fees
(2,754)
(3,386)
Other property operating expenses
(15,411)
(24,357)
Total property operating expenses
(28,411)
(40,288)
Net property income
48,872
58,831
Other gains
19
22,166
–
Trustee-Manager’s fees
20
(16,129)
(16,316)
Administrative expenses
21
(12,212)
(11,708)
Other expenses
(663)
–
Finance income
22
382
205
Finance costs
23
(57,280)
(54,587)
Net foreign exchange (loss)/gain
(19,511)
30,666
Changes in fair value of investment properties
(13,641)
70,381
Changes in fair value of financial derivatives
1,103
(1,084)
(Loss)/Profit before tax
24
(46,913)
76,388
Income tax expense
25
 – Current tax
(2,115)
(2,110)
 – Deferred tax
(3,483)
(27,611)
(Loss)/Profit for the year
(52,511)
46,667
(Loss)/Profit attributable to:
Unitholders of the Trust
(49,252)
42,417
Non-controlling interests
(3,259)
4,250
(Loss)/Profit for the year
(52,511)
46,667
Earnings per unit attributable to unitholders of the Trust
27
Basic (cents)
(19.4)
16.7
Diluted (cents)
(19.4)
16.6
The accompanying notes form an integral part of these financial statements.