Page 74 - ar2012

ParkwayLife REIT Annual Report FY2012
72
The accompanying notes form an integral part of these fnancial statements.
Group Trust
Note 2012 2011 2012 2011
$’000 $’000 $’000 $’000
Gross revenue 14 94,074 87,763 73,763 69,484
Property expenses 15 (7,648) (7,455) (3,050) (3,051)
Net property income 86,426 80,308 70,713 66,433
Manager’s management fees 16 (8,273) (7,724) (8,273) (7,724)
Trust expenses 17 (2,250) (2,771) (1,730) (1,891)
Interest income 10 18 4 13
Finance costs 18 (8,647) (8,861) (8,647) (8,861)
Foreign exchange (loss)/gain, net (258) 414 68,161 (24,277)
(19,418) (18,924) 49,515 (42,740)
Total return before changes in fair value of
fnancial derivatives and investment properties 67,008 61,384 120,228 23,693
Net change in fair value of fnancial derivatives 4,830 (399) 4,830 (399)
Net change in fair value of investment properties 49,718 46,533 53,493 43,513
Total return before income tax 121,556 107,518 178,551 66,807
Income tax expense 19 (6,145) (5,479) – –
Total return for the year 115,411 102,039 178,551 66,807
Earnings per unit (cents)
Basic and diluted 20 19.08 16.87 29.51 11.04
Statements of total return
Year ended 31 December 2012