NOTES TO THE
FINANCIAL STATEMENTS
Year ended 31 December 2014
26 OPERATING SEGMENTS (CONT’D)
Hospital and
Medical Centre
(Singapore and
Malaysia)
Nursing
Homes
(Japan)
Pharmaceutical
Manufacturing
and Distribution
Facility
(Japan)
Total
2014
2013 2014 2013 2014 2013
2014
2013
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Revenue and expenses
Gross revenue
63,849
61,494
34,389
29,902
2,144
2,297
100,382
93,693
Net property income
60,583
58,257
31,151
27,158
2,041
2,184
93,775
87,599
Interest income
–
1
5
5
1
–
6
6
Foreign exchange gain/(loss)
(221)
(367)
2,326
1,825
208
225
2,313
1,683
Non-property expenses
(7,952)
(7,105)
(4,517)
(4,362)
(283)
(344)
(12,752)
(11,811)
Finance costs
(1,141)
(2,328)
(6,613)
(5,298)
(501)
(507)
(8,255)
(8,133)
Total return before
change in fair value of
financial derivatives and
investment properties
51,269
48,458
22,352
19,328
1,466
1,558
75,087
69,344
Net change in fair value of
financial derivatives
–
–
33
2,911
3
321
36
3,232
Net change in fair value of
investment properties
28,216
38,293
15,556
(6,425)
1,279
177
45,051
32,045
Gain on disposal of
investment properties
–
–
13,674
–
–
–
13,674
–
Total return
before income tax
79,485
86,751
51,615
15,814
2,748
2,056
133,848
104,621
Income tax expense
(43)
(94)
(11,955)
(5,673)
(709)
(540)
(12,707)
(6,307)
Total return after income tax 79,442
86,657
39,660
10,141
2,039
1,516
121,141
98,314
Assets and liabilities
Reportable segment assets
1,072,538
1,039,958
560,832
451,701
35,559
36,473
1,668,929
1,528,132
Reportable segment liabilities
103,304
87,897
499,010
420,800
31,279
33,652
633,593
542,349
Other segment information
Capital expenditure
3,901
3,668
1,152
620
6
64
5,059
4,352
146
PA R K WAY L I F E R E I T
