Name of entity

Appendix 4D Half Yearly Report Under ASX listing rule 4.2A

CARINDALE PROPERTY TRUST (ASX: CDP)

ARSN Half year ending ('current period')

093 261 744

31 December 2016

Interim report

The attached half-year financial report has been prepared under AASB 134. The half-year financial report should be read in conjunction with the annual financial report of Carindale Property Trust as at 30 June 2016 which was prepared based on Australian equivalents to International Financial Reporting Standards. It is also recommended that the half-year financial report be considered together with any public announcements made by Carindale Property Trust during the half-year ended 31 December 2016 in accordance with the continuous disclosure obligations under the Corporations Act 2001.

Results for announcement to the market (A$'000)

31-Dec-16

31-Dec-15

Property revenue

28,426

28,271

up

0.5%

Net profit attributable to members of the Trust

29,514

15,330

up

92.5%

Funds from operations

14,070

13,862

up

1.5%

Net tangible assets per security ($)

8.15

7.64

up

6.7%

Distributions

Amount per security

Interim distribution

20.10

cents

Previous corresponding period

19.60

cents

Record date for determining entitlements to the distribution.

31 December 2016

The distribution for the six months ended 31 December 2016 will be 20.10 cents per unit.

This distribution is payable on 28 February 2017.

Details of the full year components of distributions will be provided in the Annual Tax Statements which will be sent to members in September 2017.

Commentary and analysis on the results for the current period can be found in the attached Carindale Property Trust Media Release dated 21 February 2017. This media release forms part of the Appendix 4D.

The half-year report should be read in conjunction with the most recent annual financial report.

The "Previous corresponding period" is 31 December 2015 unless otherwise stated.

Carindale Property Trust

Half-year Report

For the half-year ended 31 December 2016

Page

Statement of Comprehensive Income

1

Balance Sheet

2

Statement of Changes in Equity

2

Cash Flow Statement

3

Notes to the Financial Statements

4

Directors' Declaration

8

Independent Auditor's Report

9

Directors' Report

10

Directory

12

Scentre Management Limited ABN 41 001 670 579

AFS Licence 230329 as responsible entity of

Carindale Property Trust ARSN 093 261 744 Carindale

CARINDALE PROPERTY TRUST

Statement of Comprehensive Income

for the half-year ended 31 December 2016

31 Dec 16

31 Dec 15

$'000

$'000

Revenue

Property revenue

28,426

28,271

Expenses

Property expenses and outgoings

(7,152)

(7,050)

Net property income

21,274

21,221

Other expenses

Manager's service charge

(2,511)

(2,401)

Other costs

(197)

(179)

(2,708)

(2,580)

Interest income

24

29

Financing costs

(5,240)

(5,535)

Net fair value gain on interest rate derivatives

4,693

233

Property revaluation

11,471

1,962

Net profit attributable to members of the Trust

29,514

15,330

Total comprehensive income attributable to members of the Trust

29,514

15,330

cents

cents

Basic earnings per unit

42.16

21.90

Diluted earnings per unit

42.16

21.90

CARINDALE PROPERTY TRUST

Balance Sheet

as at 31 December 2016

31 Dec 16

30 Jun 16

Note

$'000

$'000

Current assets

Cash and cash equivalents

1,999

2,107

Trade and other receivables

2,670

2,130

Prepayments and deferred costs

945

292

Total current assets

5,614

4,529

Non current assets

Investment properties

2

807,571

792,572

Derivative assets

782

-

Prepayments and deferred costs

667

814

Total non current assets

809,020

793,386

Total assets

814,634

797,915

Current liabilities

Trade and other payables

23,512

22,786

Derivative liabilities

1,299

531

Total current liabilities

24,811

23,317

Non current liabilities

Interest bearing liabilities

3

217,028

212,569

Derivative liabilities

2,522

7,200

Total non current liabilities

219,550

219,769

Total liabilities

244,361

243,086

Net assets

570,273

554,829

Equity attributable to members of the Trust

Contributed equity

187,934

187,934

Reserves

50

50

Retained profits

382,289

366,845

Total equity attributable to members of the Trust

570,273

554,829

Statement of Changes in Equity

for the half-year ended 31 December 2016

31 Dec 16

31 Dec 15

$'000

$'000

Changes in equity attributable to members of the Trust

Opening balance of contributed equity

187,934

187,934

Closing balance of contributed equity

187,934

187,934

Opening balance of reserves

50

50

Amount transferred from profits

-

142

Closing balance of reserves

50

192

Opening balance of retained profits

366,845

344,909

Profit attributable to members of the Trust

29,514

15,330

Distribution payable to members of the Trust

(14,070)

(13,720)

Amount transferred to other reserves

-

(142)

Closing balance of retained profits

382,289

346,377

Closing balance of equity attributable to members of the Trust

570,273

534,503

Carindale Property Trust published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 01:42:12 UTC.

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