Page 130 - ar2012

ParkwayLife REIT Annual Report FY2012
128
Notes to the Financial Statements
23 Financial instruments (cont’d)
Fair values (cont’d)
(d) Other fnancial assets and liabilities (cont’d)
Note
Loans and
receivables
Other
fnancial
liabilities
Fair value
– hedging
instruments
Total
carrying
amount Fair value
Trust $’000 $’000 $’000 $’000 $’000
31 December 2012
Cash and cash equivalents 8 2,470 – – 2,470 2,470
Trade and other receivables* 7 8,054 – – 8,054 8,054
Derivative fnancial instruments 6 – 3,045 (2,038) 1,007 1,007
Loans and borrowings 10 – (481,672) – (481,672) (481,672)
Trade and other payables^ 9 – (5,196) – (5,196) (5,196)
10,524 (483,823) (2,038) (475,337) (475,337)
31 December 2011
Cash and cash equivalents 8 6,063 – – 6,063 6,063
Trade and other receivables* 7 7,120 – – 7,120 7,120
Derivative fnancial instruments 6 – (1,784) (2,279) (4,063) (4,063)
Loans and borrowings 10 – (494,981) – (494,981) (494,981)
Trade and other payables^ 9 – (4,691) – (4,691) (4,691)
13,183 (501,456) (2,279) (490,552) (490,552)
^ Excludes rent received in advance
* Excludes security deposits receivable and prepayments
24 Financial ratios
2012 2011
% %
Ratio of expenses to weighted average net assets 1
- excluding performance component of Manager’s fees 0.72 0.79
- including performance component of Manager’s fees 1.14 1.20
Portfolio turnover rate 2 6.14 1.16
1 The annualised ratios are computed in accordance with the guidelines of Investment Management Association of Singapore.
The expenses used in the computation relate to expenses at the Group level, excluding property related expenses, fnance
costs, income tax expense and foreign exchange gains/(losses).
2 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the Group
expressed as a percentage of daily average net asset value.