CAPITALAND CHINA TRUST Item No. | Description | Page No. |
- | Summary of CRCT Results | 2 |
- | Introduction | 3 |
1(a) | Statement of Total Return and Distribution Statement | 4 - 7 |
1(b)(i) | Statement of Financial Position | 8 |
1(b)(ii) | Aggregate Amount of Borrowings and Debt Securities | 9 |
1(c)(i) | Use of proceeds raised pursuant to Chapter 8 of the Listing Manual | 9 |
1(c)(ii) | Statement of Cash Flow | 10 - 11 |
1(d)(i) | Statement of Movements in Unitholders' funds | 12 - 13 |
1(d)(ii) | Details of Any Change in the Units | 14 |
2 & 3 | Audit Statement | 14 |
4 & 5 | Changes in Accounting Policies | 15 |
6 | Earnings Per Unit ("EPU") and Distribution Per Unit ("DPU") | 15 |
7 | Net Asset Value ("NAV") Per Unit | 16 |
8 | Review of the Performance | 16 - 18 |
9 | Variance from Previous Forecast / Prospect Statement | 18 |
10 | Outlook and Prospects | 18 - 19 |
11 & 12 | Distribution | 19 - 20 |
13 | Interested Person Transactions Mandate | 20 |
14 & 15 | Segmental Information | 20 - 21 |
16 | Breakdown of Sales and Net Income | 21 |
17 | Breakdown of Total Distribution | 22 |
18 | Confirmation Pursuant to Rule 704(13) of the Listing Manual | 22 |
4Q 2015 | 4Q 2014 | FY 2015 | FY 2014 | |||
Actual S$'000 | Actual S$'000 | Change % | Actual S$'000 | Actual S$'000 | Change % | |
Gross Revenue | 56,238 | 52,689 | 6.7 | 220,334 | 203,262 | 8.4 |
Net Property Income | 35,294 | 33,547 | 5.2 | 141,085 | 132,365 | 6.6 |
Income available for distribution | 21,848 | 20,509 | 6.5 | 89,219 | 80,882 | 10.3 |
Distribution Per Unit ("DPU") (cents) | ||||||
For the period | 2.59 | 2.48 | 4.4 | 10.60 | 9.82 | 7.9 |
Annualised | 10.28 | 9.84 | 4.5 | 10.60 | 9.82 | 7.9 |
4Q 2015 | 4Q 2014 | FY 2015 | FY 2014 | |||
Actual RMB'000 | Actual RMB'000 | Change % | Actual RMB'000 | Actual RMB'000 | Change % | |
Gross Revenue | 253,268 | 252,282 | 0.4 | 1,005,035 | 987,574 | 1.8 |
Net Property Income | 158,888 | 160,554 | (1.0) | 643,547 | 643,110 | 0.1 |
Distribution | For 1 July 2015 to 31 December 2015 |
Distribution type | Tax exempt income/Capital distribution |
Distribution rate | 5.23 cents per unit |
Book closure date | 16 February 2016 |
Payment date | 30 March 2016 |
CapitaLand Retail China Trust ("CRCT") was constituted as a private trust on 23 October 2006 under a trust deed entered into between CapitaLand Retail China Trust Management Limited (as manager of CRCT) (the "Manager") and HSBC Institutional Trust Services (Singapore) Limited (as trustee of CRCT) (the "Trustee"), and listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 8 December 2006.
CRCT is a Singapore-based real estate investment trust ("REIT") constituted with the investment objective of investing on a long term basis in real estate used primarily for retail purposes and located primarily in China, Hong Kong and Macau.
As at 31 December 2015, CRCT owns and invests in a portfolio of ten shopping malls located in six of China's cities. The properties are CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Shuangjing and CapitaMall Anzhen in Beijing; CapitaMall Qibao in Shanghai; CapitaMall Erqi in Zhengzhou; CapitaMall Saihan in Huhhot; CapitaMall Minzhongleyuan in Wuhan; and CapitaMall Wuhu in Wuhu in which CRCT has a 51% interest.
Group | ||
4Q 2015 | 4Q 2014 | % |
S$'000 | S$'000 | Change |
52,258 | 48,329 | 8.1 |
3,980 | 4,360 | (8.7) |
56,238 | 52,689 | 6.7 |
(1,440) | (1,478) | (2.6) |
(2,434) | (2,791) | (12.8) |
(3,130) | (2,940) | 6.5 |
(3,064) | (2,852) | 7.4 |
(10,876) | (9,081) | 19.8 |
(20,944) | (19,142) | 9.4 |
35,294 | 33,547 | 5.2 |
(1,603) | (1,467) | 9.3 |
(1,408) | (1,342) | 4.9 |
(95) | (93) | 2.2 |
(59) | (94) | (37.2) |
(11) | (58) | (81.0) |
251 | (733) | N.M. |
845 | 369 | N.M. |
(88) | 1,165 | N.M. |
(5,396) | (5,119) | 5.4 |
27,730 | 26,175 | 5.9 |
15,051 | 36,607 | (58.9) |
(107) | 42 | N.M. |
42,674 | 62,824 | (32.1) |
(11,701) | (18,532) | (36.9) |
30,973 | 44,292 | (30.1) |
32,974 | 44,052 | (25.1) |
(2,001) | 240 | N.M. |
30,973 | 44,292 | (30.1) |
Gross rental income Other income1 Gross revenue
Land rental Property related tax Business tax
Property management fees2
Other property operating expenses3 Total property operating expenses Net property income
Manager's management fees - Base fee Manager's management fees - Performance fee Trustee's fees
Audit fees Valuation fees
Other trust operating expenses4
Finance income
Foreign exchange (loss)/gain - realised5 Finance costs
Total return before changes in fair value of investment properties and unrealised foreign exchange (loss)/gainChange in fair value of investment properties Foreign exchange (loss)/gain - unrealised
Total return before taxationTaxation6
Total return for the period after taxationNon-controlling interest
Total return for the period after taxationFootnotes:
Other income comprises mainly income earned from atrium space, trolley carts and advertisement panels.
Includes reimbursement of costs to property manager for centralised services provided.
Includes as part of the other property operating expenses were items in the table below.
Group
4Q 2015
4Q 2014
%
S$'000
S$'000
Change
(644)
(645)
(0.2)
(91)
(40)
N.M.
(18)
(37)
(51.4)
Depreciation and amortisation
Impairment losses on trade receivables, net Plant and equipment written off
Includes reversal of over provision of equity fund raising expenses in 4Q 2015.
Includes realised foreign exchange (loss)/gain on the repayment of shareholder's loans interest denominated in United States dollars.
Includes under provision of tax in prior years of $1.3 million in 4Q 2014.
N.M. - not meaningful
CapitaRetail China Trust issued this content on 04 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 23:22:17 UTC
Original Document: http://crct.listedcompany.com/newsroom/20160204_070248_AU8U_NUH7DTYB6TMVHAIM.1.pdf
