DISTRIBUTION STATEMENTS
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Income available for distribution to
Unitholders at beginning of the year
15,182
15,500
15,182
15,500
Total return for the year
after taxation and before distribution
36,905
63,388
35,193
65,339
Non-tax deductible/(chargeable) items:
Manager’s fees paid/payable in Units
4,938
4,694
4,938
4,694
Amortisation of intangible assets
1,383
1,427
1,383
1,427
Amortisation of transaction costs
3,086
3,940
2,635
3,502
Transaction costs written off
1,585
–
1,585
–
Break costs on prepayment of borrowings
909
–
909
–
Break costs on termination of profit rate swaps
1,617
–
1,617
–
Trustee’s fees
520
488
520
488
Donation of non-Shari’ah compliant income
54
131
54
131
Net change in fair value of financial derivatives
(5,298)
(1,393)
(3,137)
(2,689)
Net change in fair value of investment properties
7,501
(12,441)
7,501
(12,441)
Loss on conversion of Convertible Sukuk
–
1,228
–
1,010
Effects of recognising rental income on
a straight line basis over the lease term
(2,044)
(571)
(2,044)
(571)
Other items
468
864
470
865
Net effect of non-tax deductible/(chargeable) items
14,719
(1,633)
16,431
(3,584)
Income available for distribution to Unitholders
66,806
77,255
66,806
77,255
For the year ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
SABANA REIT
|
ANNUAL REPORT 2014
91
