Annual Report 2025 211 22 Gross Revenue CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2025 $’000 2024 $’000 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Gross rental income 632,119 605,558 53,347 35,470 653,809 619,596 Hospitality income 22,159 21,401 970 – 23,129 21,401 Hotel revenue – – 154,672 162,146 154,672 162,146 Amortisation of deferred income (Note 18) 425 425 – – 425 425 Car park income 5,430 5,952 119 – 5,549 5,952 660,133 633,336 209,108 197,616 837,584 809,520 23 Direct Expenses CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2025 $’000 2024 $’000 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Operations and maintenance expenses 59,254 59,896 20,157 18,084 79,411 77,980 Staff costs 79,728 75,622 53,967 54,183 133,695 129,805 Serviced residence management fees 26,695 26,771 5,610 5,520 32,305 32,291 Property tax 35,270 35,686 8,960 4,761 44,230 40,447 Depreciation of property, plant and equipment 14,294 14,129 2,155 1,416 16,449 15,545 Marketing and selling expenses 44,806 43,517 15,217 12,266 60,023 55,783 Administrative and general expenses 40,893 41,868 12,647 12,381 53,540 54,249 Other direct expenses 21,309 20,924 32,709 22,581 32,630 32,471 322,249 318,413 151,422 131,192 452,283 438,571 Contributions to defined contribution plans included in staff costs 5,568 5,246 4,498 4,302 10,066 9,548
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