Notes to The
Financial Statements
Year ended 31 December 2015
26 Operating segments (Cont’d)
Hospital and
Medical Centres
(Singapore and
Malaysia)
Nursing Homes
(Japan)
Pharmaceutical
Manufacturing and
Distribution Facility
(Japan)
Total
2015 2014 2015 2014 2015 2014 2015 2014
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Revenue and expenses
Gross revenue
65,219
63,849
35,445
34,389
2,030
2,144
102,694
100,382
Net property income
61,973
60,583
32,091
31,151
1,933
2,041
95,997
93,775
Interest income
3
–
8
5
–
1
11
6
Foreign exchange gain/(loss)
(413)
(221)
3,192
2,326
313
208
3,092
2,313
Non-property expenses
(7,787)
(7,952)
(4,938)
(4,517)
(286)
(283)
(13,011)
(12,752)
Finance costs
(2,001)
(1,141)
(6,356)
(6,613)
(421)
(501)
(8,778)
(8,255)
Total return before
change in fair value of
financial derivatives and
investment properties
51,775
51,269
23,997
22,352
1,539
1,466
77,311
75,087
Net change in fair value of
financial derivatives
–
–
(3,596)
33
(488)
3
(4,084)
36
Net change in fair value of
investment properties
(20,847)
28,216
25,092
15,556
1,489
1,279
5,734
45,051
Gain on disposal of
investment properties
–
–
–
13,674
–
–
–
13,674
Total return before
income tax
30,928
79,485
45,493
51,615
2,540
2,748
78,961
133,848
Income tax expense
(77)
(43)
(11,240)
(11,955)
(621)
(709)
(11,938)
(12,707)
Total return after
income tax
30,851
79,442
34,253
39,660
1,919
2,039
67,023
121,141
Assets and liabilities
Reportable segment
assets
1,055,210
1,072,538
575,621
560,832
38,536
35,559
1,669,367
1,668,929
Reportable segment
liabilities
106,445
103,304
506,300
499,010
33,463
31,279
646,208
633,593
Other segment
information
Capital expenditure
4,829
3,901
1,112
1,152
100
6
6,041
5,059
142
ParkwayLife REIT
Annual Report 2015
