112
Ascott Residence Trust
Annual Report 2015
Distribution Statements
Year ended 31 December 2015
Note A – Distribution adjustments
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Distribution adjustment items:
- Net change in fair value of serviced residence
properties and assets held for sale
(84,318)
(63,030)
(4,241)
(1,650)
- Net change in fair value of financial derivatives
675
(1,291)
3,873
(1,291)
- Profit from divestments
(9,924)
–
–
–
- Assets written off
3,717
16,022
–
–
- Depreciation of plant and equipment
16,634
16,267
2,571
2,913
- Manager’s fees paid/payable in Units
14,768
13,251
14,768
13,251
- Trustee’s fees
58
59
58
59
- Unrealised exchange loss/(gain)
10,671
10,739
(28,998)
8,984
- Deferred tax expense
12,636
11,707
–
–
- Non-controlling interests’ share of adjustments
6,620
345
–
–
- Other adjustments
49
443
144
352
- Impairment losses on non-trade amounts due
from subsidiaries
–
–
4,002
9,730
- Impairment of subsidiaries
–
–
3,715
1,542
- Net overseas income* not distributed to the Trust
–
–
89,680
60,685
Net effect of distribution adjustments
(28,414)
4,512
85,572
94,575
Note B – Income for the year available for distribution to Unitholders
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Comprises:
- from operations
33,040
63,521
33,040
63,521
- from Unitholders’ contributions
90,299
62,103
90,299
62,103
Income for the year available for distribution
to Unitholders
123,339 125,624 123,339 125,624
* Net overseas income is defined in Significant accounting policies (see note 3.15).
The accompanying notes form an integral part of these financial statements.
