197
Overview
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Information
Ascott Residence Trust
Annual Report 2015
32 Operating segments
(continued)
Information about reportable segments
Geographical segments
The Group’s business is investing in serviced residence properties.
Singapore
$’000
Australia
$’000
Belgium
$’000
China
$’000
France
$’000
Germany
$’000
Indonesia
$’000
Subtotal
$’000
Year ended 31 December 2015
Gross rental income
35,090
21,417
11,881
66,650
32,671
8,029
16,840 192,578
Other income
101
693
878
3,242
2,370
1,000
747
9,031
Gross revenue
35,191
22,110
12,759
69,892
35,041
9,029
17,587 201,609
Direct expenses
(17,139)
(9,084)
(9,400)
(51,152)
(2,630)
(1,332)
(11,203)
(101,940)
Segment gross profit
18,052
13,026
3,359
18,740
32,411
7,697
6,384
99,669
Change in fair value of serviced residence
properties and assets held for sale
4,241 (10,871)
2,904 (23,767)
19,964
281
(1,722)
(8,970)
