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Additional Information
Interested Person (as defined in the Listing Manual) and Interested Party (as defined in the Property
Funds Appendix) Transactions
The transactions entered into during the financial year are as follows:-
Aggregate value (excluding transactions
of less than S$100,000 each)
Name of Interested Person/ Interested Party
S$’000
CapitaLand Limited and its subsidiaries or associates
– Manager’s management fees
19,319
– Property management fees and reimbursables
20,532
– Leasing commissions
2,224
– Project management fees
5,069
– Rental and service charge income
8,111
– Divestment fee
168
– Joint venture
430,082
485,505
Temasek Holdings (Private) Limited and its associates
– Provision of refuse removal services
761
– Rental and service charge income
1,004
1,765
HSBC Institutional Trust Services (Singapore) Limited
– Trustee’s fee
763
– Subsidy granted for upgrading works of perimeter fan coil units at HSBC building
3,000
3,763
Save as disclosed above, there were no additional related party transactions (excluding transaction of less than S$100,000
each) entered into during the financial year under review
As outlined in the Introductory Document dated 16 March 2004, the Trust has obtained Unitholders’ approval on
12 April 2004 during the Extraordinary General Meeting that in relation to payments for the Manager’s management fees,
payments for acquisition and divestment fees, payments of property management fees, reimbursements and leasing
commissions to the property manager in respect of payroll and related expenses as well as payments of the Trustee’s
fees were not subject to Rules 905 and 906 of the Listing Manual of the SGX-ST. Such payments are not to be included
in the aggregate value of total related party transactions as governed by Rules 905 and 906 of the Listing Manual of the
SGX-ST insofar, in respect of each such agreement, there are no subsequent change to the rates and/or basis of the fees
charged thereunder which will adversely afect CCT.
Please also see Significant Related Party Transaction on Note 31 in the financial statements.
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