Page 95 - 12Mar_Sabana AR 2011 Cover.pdf, page 1 @ Preflight ( 12Mar_S

ANNUAL REPORT 2011
Tax expense
Current period
Reconciliation of effective tax rate
Total return for the period before taxation and distribution
Tax calculated using Singapore tax rate of 17%
Non-tax deductible items
Tax exempt income
Tax transparency
21 EARNINGS PER UNIT
Basic earnings per Unit is based on:
Total return for the period after taxation
Weighted average number of Units
– beginning of the period
– issued as payment of Manager’s fees
– to be issued as payment of Manager’s fees payable in Units
Weighted average number of Units
Diluted earnings per Unit is the same as the basic earnings per Unit as there are no dilutive instrum
period.
22 ISSUE EXPENSES
Issue expenses comprise professional, advisory and underwriting fees and other cost related to the
issuance of Units.
Issue expenses include non-audit fees paid to the auditors of the Trust of $468,000 for acting as
accountant and other related work performed in connection with the Initial Public Offering of the Trust.
Sabana AR 2011 Financial V9.indd 93