Page 70 - ar2011

GROUP TRUST
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Amount available for distribution
to Unitholders at beginning of the year 114,247 108,189 114,247 108,189
Total return for the year before income tax 474,428 498,068 405,150 440,646
Net tax and other adjustments (Note A) (261,638) (277,111) (192,360) (219,689)
212,790 220,957 212,790 220,957
Amount available for distribution to Unitholders 327,037 329,146 327,037 329,146
Distributions to Unitholders:
Distribution of 3.73 cents per Unit for the period
from 1/7/2009 to 31/12/2009 – (104,959) – (104,959)
Distribution of 3.90 cents per Unit for the period
from 1/1/2010 to 30/6/2010 – (109,940) – (109,940)
Distribution of 3.93 cents per Unit for the period
from 1/7/2010 to 31/12/2010 (110,956) – (110,956) –
Distribution of 3.77 cents per Unit for the period
from 1/1/2011 to 30/6/2011 (106,608) – (106,608) –
(217,564) (214,899) (217,564) (214,899)
Amount available for distribution
to Unitholders at end of the year 109,473 114,247 109,473 114,247
Note A – Net tax and other adjustments comprise:
Non-tax deductible/(chargeable) items:
– Amortisation of transaction costs on
borrowings and convertible bonds 8,494 7,569 5,298 6,879
– Asset management fees
paid and payable in Units 12,129 11,452 4,133 3,989
– Depreciation of plant and equipment 416 724 334 484
– (Gain)/loss on remeasurement
of financial derivatives (12,597) 6,910 (12,597) 6,910
– Gain on sales of investment properties (2,636) (128,925) (7,400) (128,925)
– Interest expense 10,010 10,262 10,010 10,262
– Net change in fair value of
investment properties and investment
property under construction (276,837) (192,582) (192,090) (129,721)
– Premium on repurchase of
convertible bonds 1,030 13,768 1,030 13,768
– Trustee’s fees 763 745 554 547
– Other items (2,410) (7,034) (1,632) (3,882)
Net tax and other adjustments (261,638) (277,111) (192,360) (219,689)
The accompanying notes form an integral part of these financial statements.
Distribution Statements
Year Ended 31 December 2011
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