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MACQUARIE MEAG PRIME REIT
ANNUAL REPORT 2007
DISTRIBUTION
STATEMENTS
Year ended 31 December 2007
GROUP
TRUST
2007
2006
2007
2006
$’000
$’000
$’000
$’000
Income available for distribution
to unitholders at the beginning
of the year
14,006
14,911
14,006
14,911
Total return after tax, before distribution
487,109
217,412
474,746
217,412
Net tax adjustments (Note A below)
(428,071)
(162,518)
(415,708)
(162,518)
Income available for distribution
73,044
69,805
73,044
69,805
Distributions to unitholders:
Distribution of 1.58 cents per unit for the
period 20 September to 31 December 2005
(14,918)
(14,918)
Distribution of 1.47 cents per unit for the
period 1 October to 31 December 2006
(13,941)
(13,941)
Distribution of 1.47 cents (2006: 1.44 cents)
per unit for the period 1 January to 31 March
(13,954)
(13,612)
(13,954)
(13,612)
Distribution of 1.50 cents (2006: 1.44 cents)
per unit for the period 1 April to 30 June
(14,254)
(13,627)
(14,254)
(13,627)
Distribution of 1.54 cents (2006: 1.44 cents)
per unit for the period 1 July to 30 September
(14,650)
(13,642)
(14,650)
(13,642)
(56,799)
(55,799)
(56,799)
(55,799)
Income available for distribution
to unitholders at the end of the year
16,245
14,006
16,245
14,006
Note A – Net tax adjustments
Non–tax deductible/(chargeable) items:
– Management fees paid/payable in units
4,914
3,819
4,914
3,819
– Finance costs
910
772
910
772
– Sinking fund contribution
1,167
1,168
1,167
1,168
– Tenancy relief
917
1,028
917
1,028
– Depreciation
1,700
125
1,700
125
– Change in fair value of unrealised
derivative instruments
7,983
7,698
– Unrealised foreign exchange gain
(3,730)
– Change in fair value of
investment properties
(448,870)
(171,000)
(433,652)
(171,000)
– Deferred tax expense
2,415
– Other items
793
1,570
1,503
1,570
– Net overseas income not distributed to the Trust
2,865
Net tax adjustments
(428,071)
(162,518)
(415,708)
(162,518)
The accompanying notes form an integral part of these financial statements.