Group
Trust
Note
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Amount available for distribution to
Unitholders at end of the year
17,595
17,109
17,595
17,109
Number of units entitled to distribution (’000)
13
605,002
605,002
605,002
605,002
Distribution per unit (cents)
2.90
2.82
2.90
2.82
Note A – Distribution adjustments comprise:
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Non-tax deductible/(non-taxable) items:
Trustee’s fees
280
266
280
266
Amortisation of transaction costs relating to debt facilities
897
1,411
897
1,411
Net overseas income not distributed to the Trust
–
–
11,983
10,218
Foreign exchange loss/(gain), net
222
44
(33,615)
(67,447)
Others
443
584
443
584
Net change in fair value of financial derivatives
(36)
(3,232)
(4,692)
(3,232)
Net change in fair value of investment properties
(net of deferred tax liabilities)
(41,616)
(29,318)
(28,602)
(37,332)
Gain on disposal of investment properties
(net of withholding tax)
(8,598)
–
–
–
Net effect of distribution adjustments
(48,408)
(30,245)
(53,306)
(95,532)
Note B – Income for the year available for distribution to Unitholders
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Unitholders’ distributions:
– from operations
61,316
58,230
61,316
58,230
– from Unitholders’ contributions
8,382
6,824
8,382
6,824
Total Unitholders’ distributions
69,698
65,054
69,698
65,054
The accompanying notes form an integral part of these financial statements.
DISTRIBUTION
STATEMENTS
Year ended 31 December 2014
76
PA R K WAY L I F E R E I T
