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FINANCIALS
97
distribution
statements
Year ended 30 June 2017
The accompanying notes form an integral part of these financial statements.
Group
Trust
2017
$’000
2016
$’000
2017
$’000
2016
$’000
Income available for distribution at
the beginning of the year
48,755
45,240
48,755
45,240
Total return after tax, before distribution
100,254
163,896
81,178
114,996
Net tax and other adjustments
(Note A below)
10,191
(47,394)
29,267
1,506
Income available for distribution
159,200
161,742
159,200
161,742
Distributions during the year:
Unitholders
Distribution of 1.29 cents
(2015: 1.29 cents) per unit for the period
1 April to 30 June 2016
(28,138)
(28,138)
(28,138)
(28,138)
Distribution of 1.30 cents
(2015: 1.31 cents) per unit for the period
1 July to 30 September 2016
(28,356)
(28,574)
(28,356)
(28,574)
Distribution of 1.26 cents
(2015: 1.32 cents) per unit for the period
1 October to 31 December 2016
(27,483)
(28,792)
(27,483)
(28,792)
Distribution of 1.18 cents
(2016: 1.26 cents) per unit for the period
1 January to 31 March 2017
(25,738)
(27,483)
(25,738)
(27,483)
(109,715)
(112,987)
(109,715)
(112,987)
Income available for distribution
at the end of the year
49,485
48,755
49,485
48,755
Number of units at end of the year (’000)
2,181,204
2,181,204
2,181,204
2,181,204
Distribution per unit for the year (cents)
4.92
5.18
4.92
5.18
Note A – Net tax and other adjustments
Non-tax deductible/(chargeable) items and
other adjustments:
- Finance costs
1,012
928
2,244
2,144
- Sinking fund contribution
1,808
1,808
1,808
1,808
- Depreciation
141
282
141
282
- Change in fair value of derivative instruments
(1,425)
6,487
(107)
4,959
- Change in fair value of investment properties
16,321
(77,973)
(3,493)
(69,029)
- Deferred tax
(3,065)
(4,196)
–
–
- Impairment loss on investment in subsidiaries
–
–
9,000
23,000
- Impairment loss on intangible asset
–
11,214
–
–
- Foreign exchange (gain)/loss
(4,000)
11,830
5,429
4,043
- Fair value adjustment on security deposits
20
106
53
404
- Other items
(621)
2,120
3,260
2,902
- Net overseas income not distributed to the Trust,
net of amount received
–
–
10,932
30,993
Net tax and other adjustments
10,191
(47,394)
29,267
1,506