Group
Trust
Note
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Gross revenue
14
102,694
100,382
74,840
79,496
Property expenses
15
(6,697)
(6,607)
(3,118)
(3,118)
Net property income
95,997
93,775
71,722
76,378
Management fees
16
(10,412)
(10,051)
(9,294)
(9,389)
Trust expenses
17
(2,633)
(2,736)
(1,866)
(2,177)
Interest income
11
6
3
–
Finance costs
18
(8,778)
(8,255)
(8,778)
(8,255)
Foreign exchange gain/(loss), net
3,092
2,313
(22,755)
36,153
(18,720)
(18,723)
(42,690)
16,332
Total return before changes in fair value of
financial derivatives and investment properties
77,277
75,052
29,032
92,710
Net change in fair value of financial derivatives
(4,084)
36
(10,235)
4,692
Net change in fair value of investment properties
4
5,734
45,051
(21,029)
28,602
Gain on disposal of investment properties
19
–
13,674
–
–
Total return/(loss) before income tax
78,927
133,813
(2,232)
126,004
Income tax expense
20
(11,939)
(12,707)
–
–
Total return/(loss) for the year
66,988
121,106
(2,232)
126,004
Earnings per unit (cents)
Basic and diluted
21
11.07
20.02
(0.37)
20.83
Statements
of total return
Year ended 31 December 2015
The accompanying notes form an integral part of these financial statements.
ParkwayLife REIT
Annual Report 2015
78
