5 INTANGIBLE ASSETS
Total
$’000
Group and Trust
Cost
At 1 January 2013, 31 December 2013 and 31 December 2014
6,057
Accumulated amortisation
At 1 January 2013
2,800
Amortisation for the year
1,427
At 31 December 2013
4,227
Amortisation for the year
1,383
At 31 December 2014
5,610
Carrying amounts
At 1 January 2013
3,257
At 31 December 2013
1,830
At 31 December 2014
447
Intangible assets represent the unamortised income support receivable by the Group and the Trust
in accordance with the purchase agreements entered into with the vendors of 9 Tai Seng Drive and
6 Woodlands Loop.
6 SUBSIDIARIES
Trust
2014
2013
$’000
$’000
Equity investments at cost
*
*
* Less than $1,000
Details of the subsidiaries of the Group are as follows:
Principal
Country of
Effective equity interest
Name of subsidiary
activities
incorporation
held by the Group
31
31
December December
2014
2013
Sabana Treasury Pte. Ltd.
(1)
Provision of
Singapore
100%
100%
treasury services
Sabana Sukuk Pte. Ltd.
(1)
Provision of
Singapore
100%
100%
treasury services
(1)
Audited by KPMG LLP Singapore
Year ended 31 December 2014
NOTES TO THE FINANCIAL STATEMENTS
SABANA REIT
|
ANNUAL REPORT 2014
115
