NOTES TO THE
FINANCIAL STATEMENTS
Year ended 31 December 2014
26 OPERATING SEGMENTS (CONT’D)
Reconciliations of reportable segment revenue, total return before income tax, assets and liabilities
2014
2013
$’000
$’000
Revenue
Total revenue for reportable segments
100,382
93,693
Total return before income tax
Total return for reportable segments
133,848
104,621
Unallocated amounts:
– Other corporate expenses
(35)
(35)
Consolidated return before income tax
133,813
104,586
Assets
Total assets for reportable segments
1,668,929
1,528,132
Other unallocated amounts
22
23
Consolidated total assets
1,668,951
1,528,155
Liabilities
Total liabilities for reportable segments
633,593
542,349
Other unallocated amounts
9
8
Consolidated total liabilities
633,602
542,357
27 SUBSEQUENT EVENTS
On 19 December 2014, the Group, through its wholly-owned subsidiary, Parkway Life Japan4 Pte. Ltd., executed
an agreement to participate as an investor in relation to the acquisition of a nursing home property, Ocean View
Shonan Arasaki, located in Kanagawa, Japan for a total cash consideration of JPY1.7 billion (approximately $18.9
million). The acquisition of the property was made through a special purpose vehicle, Godo Kaisha Samurai 9,
in which Parkway Life Japan4 Pte. Ltd. has made a
Tokumei Kumiai
investment. This acquisition was completed
on 6 January 2015. The investment was fully funded by a bridging loan which will be fully repaid via a 5-year
committed and unsecured JPY denominated term loan facility and some internal funds by first quarter of 2015.
147
A N N U A L R E P O R T 2 0 1 4
