Page 84 - Sabana REIT Annual Report 2012 (Final Version with added cha

Group Trust
1 January 29 October 1 January 29 October
2012 to 2010 to 2012 to 2010 to
31 December 31 December 31 December 31 December
Note 2012 2011 2012 2011
$’000 $’000 $’000 $’000
Gross revenue 15 81,768 76,945 81,768 76,945
Property expenses 16 (4,831) (3,871) (4,831) (3,871)
Net property income 76,937 73,074 76,937 73,074
Finance income 197 138 197 138
Finance costs (17,254) (12,027) (17,132) (12,027)
Net fnance costs 17 (17,057) (11,889) (16,935) (11,889)
Amortisation of intangible assets (1,331) (1,469) (1,331) (1,469)
Manager’s fees 18 (5,491) (5,072) (5,491) (5,072)
Trustee’s fees (447) (407) (447) (407)
Donation of non-Shari’ah compliant income 19 (147) (155) (147) (155)
Other trust expenses 20 (1,783) (623) (1,786) (623)
(7,868) (6,257) (7,871) (6,257)
Net income 50,681 53,459 50,800 53,459
Net change in fair value of fnancial derivatives (1,553) (4,593) (2,696) (4,593)
Net change in fair value of investment properties 25,316 39,376 25,316 39,376
Total return for the year/period before
taxation and distribution 74,444 88,242 73,420 88,242
Income tax expense 21 * – – –
Total return for the year/period after
taxation and before distribution 74,444 88,242 73,420 88,242
Earnings per Unit (cents)
Basic 22 11.66 13.91 11.50 13.91
Diluted 22 11.34 13.91 11.34 13.91
* Less than $1,000
Statements
of Total Return
Year ended 31 December 2012
The accompanying notes form an integral part of these fnancial statements.
82 SABANA REIT Annual Report 2012