Property Trust

Annual Financial Report 30June 2017

SCENTRE MANAGEMENT LIMITED ABN 41 001 670 579 AFS LICENCE 230329 AS RESPONSIBLE ENTITY OF CARINDALE PROPERTY TRUST ARSN 093 261 744

Financial Report Contents

  1. Statement of Comprehensive Income

  2. Balance Sheet

  3. Statement of Changes in Equity

  4. Cash Flow Statement

  5. Notes to the Financial Statements

  1. Directors' Declaration

  2. Independent Audit Report

21 Directors' Report

26 Corporate Governance Statement

  1. Investor Relations

  2. Members' Information

37 Corporate Directory

SCENTRE MANAGEMENT LIMITED ABN 41 001 670 579 AFS LICENCE 230329 AS RESPONSIBLE ENTITY OF CARINDALE PROPERTY TRUST ARSN 093 261 744

/ Carindale Property Trust Annual Report 2017

Statement of Comprehensive Income

FOR THE YEAR ENDED 30 JUNE 2017

Note

30 Jun 17 $'000

30 Jun 16

$'000

Revenue

Property revenue 2 56,062 56,030

Expenses

Property expenses and outgoings (13,992) (14,085)

Net property income 42,070 41,945 Other expenses

Manager's service charge (4,996) (4,773)

Other costs (316) (286)

(5,312) (5,059)

Interest income 49 53

Net fair value gain/(loss) on interest rate derivatives 5,434 (1,512)

Financing costs (10,046) (10,992)

Property revaluation 12,107 24,948

Net profit attributable to members of the Trust 10(b) 44,302 49,383 Total comprehensive income attributable to members of the Trust 44,302 49,383 cents cents Basic earnings per unit 9 63.29 70.55 Diluted earnings per unit 9 63.29 70.55

1

Balance Sheet

AS AT 30 JUNE 2017

Note

30 Jun 17

$'000

30 Jun 16

$'000

Current assets

Cash and cash equivalents

10(a)

1,782

2,107

Trade and other receivables

4

1,891

2,130

Prepayments and deferred costs

5

307

292

Total current assets

3,980

4,529

Non current assets

Investment properties

3

808,820

792,572

Prepayments and deferred costs

5

557

814

Derivative assets

12

693

-

Total non current assets

810,070

793,386

Total assets

814,050

797,915

Current liabilities

Trade and other payables

6

21,999

22,786

Derivative liabilities

12

743

531

Total current liabilities

22,742

23,317

Non current liabilities

Interest bearing liabilities

11

218,070

212,569

Derivative liabilities

12

2,247

7,200

Total non current liabilities

220,317

219,769

Total liabilities

243,059

243,086

Net assets

570,991

554,829

Equity attributable to members of the Trust

Contributed equity

187,934

187,934

Reserves

50

50

Retained profits

14

383,007

366,845

Total equity attributable to members of the Trust

570,991

554,829

2 / Carindale Property Trust Annual Report 2017

Carindale Property Trust published this content on 31 August 2017 and is solely responsible for the information contained herein.
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