21 MANAGER’S MANAGEMENT FEES
Manager’s management fees of the Group and the Trust include base management fees of
$10,378,000 (2013: $8,691,000) and performance fees of $6,832,000 (2013: $6,036,000).
The total units issued/to be issued for manager’s management fees amounted to 10,640,537
(2013: 8,963,910) Units, amounting to $13,251,000 (2013: $11,553,000).
22 PROFESSIONAL FEES
Professional fees of the Group and the Trust include valuation fees of $819,000 (2013:
$817,000).
23 NET FINANCE COSTS
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Finance income
Bank deposits
2,123
2,089
78
59
Finance costs
Amortisation of transaction costs
(2,988)
(2,684)
(1,266)
(1,190)
Interest on bank loans and interest rate
swaps
(39,663)
(41,619)
(15,664)
(12,492)
Loans from related parties
(86)
(121)
(11,910)
(10,351)
Others
(604)
(222)
(405)
(240)
(43,341)
(44,646)
(29,245)
(24,273)
Net finance costs recognised in statement
of total return
(41,218)
(42,557)
(29,167)
(24,214)
24 NET INCOME
The following items have been included in arriving at net income for the year:
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Non-audit fees paid to*:
– auditors of the Trust
26
8
23
8
– other auditors
23
49
–
–
Loss on disposal of plant and equipment
224
24
50
46
Impairment loss on trade and other
receivables (reversed)/recognised
(22)
148
–
–
Write-off of trade and other receivables
8
–
–
–
*
Total non-audit fees amounted to $278,000 (2013: $324,000), of which $81,000 (2013: $77,000) has been capitalised as capital
expenditure and $148,000 (2013: $190,000) has been included in issue expenses (Note 28).
Pursuing Growth | 167
